Jewelery and watch sales in the United States rose sharply in August
Sales of fine jewelery and watches increased by 8.9% in the US market in August, compared to the same month last year.
Overall sales in August, the latest month for which figures are available, were estimated at $ 6.1 billion, according to preliminary data from the US Department of Commerce.
US labor markets are tight, resulting in wage increases for workers in many sectors and regions, while stock market fluctuations have little influence on consumer confidence.
And as the holiday season is fast approaching, economic conditions are fortuitous for retail sales, which should post good gains over last year.
In the third quarter, gross domestic product exceeded 3%, after an impressive 4.2% increase in the previous quarter.
Consumer spending is a vital part of the US economy, accounting for more than two-thirds of US economic activity.
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