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Article: Luxury Consumers Personal Confidence Rises in Fourth Quarter along with Spending; But Doubts about the Economy as a Whole Keeps Luxury Consumption Index Flat, reports Unity Marketing.
- Article from:
- Business Wire
- Article date:
- February 16, 2005
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STEVENS, Pa. -- Luxury consumers' confidence was mixed at the end of 2004 and beginning of 2005. While luxury consumers (average income $136.5k) felt positive about their personal financial status and spent more on luxuries in the fourth quarter 2004, they expressed strong doubts on the financial well-being of the economy as a whole, according to the latest statistics compiled by Unity Marketing.
Luxury consumers' conflicting feelings held down the Luxury Consumption Index to 95.6 points for the fourth quarter 2004. That represents a .4 decline from the third quarter and a 7.1 point drop from 2004's high of 102.7 at the end of the second quarter. The Luxury ...