Tuesday, 29th June 2004 (4616 views)

Jewellery sales are set to do well again this month, after the consumer confidence index is predicted to have experienced a considerable increase in the US for June.

The level of 95 it could now stand at is the second highest level experienced this year according to economists.

It is thought the increase in confidence could be due to a decline in gas prices and a growth in jobs, helping to boost income and leave consumers with more money in their pockets for items such as jewellery.

According to estimates collected by Bloomberg, June's index could range from 91.5 to 99.3.

The index is devised from 5,000 surveyed households, questioned on general economic conditions, their employment prospects, and their spending plans.

 

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