Wednesday, 9th June 2004 (4157 views)

US demand for luxury items such as gold jewellery is set to rise again as the latest consumer confidence index (CCI) remains positive.

The Conference Board's CCI has risen to 93.2 per cent for May, compared to 93 per cent in April.

In addition the Present Situation Index remains high and the Expectations Index also improved.

Lynn Franco, director of The Conference Board's Consumer Research Center told National Jeweler: "The recent upturn in the Present Situation Index is being spurred by strong employment gains in March and April.

"This has made consumers more positive about short-term prospects in the months ahead."

Reportedly with consumers positive for the future and predicting business conditions to improve, increased numbers are likely to start spending more on luxury items such as jewellery.

The CCI is based on a sample of 5,000 US households and is conducted by TNS NFO.

 

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