Monday, 10th May 2004 (4256 views)

US sales of luxury goods including gold jewellery are expected to grow after an increase in consumer confidence.

A measure of consumer opinion in the US showed The Conference Board's Consumer Confidence Index rose to 92.9 in April.

Lynn Franco, the director of the Conference Board's Consumer Research Center told National Jeweler: "This latest improvement in consumer confidence was sparked by a more favourable assessment of current business and labour market conditions and increased consumer optimism about the next six months."

If consumers have more confidence in business conditions then sales of luxury items could see an increase as a result according to reports.

Figures were based on a sample of 5,000 American households and the study was completed by TNS NFO.

 

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