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Article: Luxury Consumer Confidence and Spending Declines During Third Quarter 2004, Reports Unity Marketing; Luxury Goods Consumption Index Drops 6.7 Points to 96.0.
- Article from:
- Business Wire
- Article date:
- November 16, 2004
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STEVENS, Pa. -- Luxury consumers' confidence in the economy took a hit in the third quarter. After rising to 102.7 in the second quarter, the Luxury Consumption Index declined to 96.0, down 6.7 points, according to Unity Marketing's latest tracking study of the luxury market.
The Luxury Consumption Index measures the luxury consumers' feelings and attitudes about their financial well-being. The majority of luxury consumers (53 percent) felt their financial position was the same and no better than during the previous three months. Further, nearly 40 percent said the country as a whole was less well off in the third quarter.
"The market for luxury goods ...