Tags: world | economy | luxury | China

World Luxury Market to Grow 2 Percent in 2014

Monday, 19 May 2014 01:32 PM

The world luxury market has reached a "maturity and stabilization" phase with growth of around 2 percent expected this year, around the same level as in 2013.

The United States will be the major engine for growth while revenues in Europe would do well mainly thanks to foreign tourist purchases.

Japan is set for solid growth but is punished by an unfavorable exchange rate. Continental China does not show a lot of dynamism, unlike Hong Kong and Macao.

There has been strong growth in southeast Asia, particularly in Indonesia.

The fastest-growing category was accessories.

© AFP 2017

 
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Economy
The world luxury market has reached a maturity and stabilization phase with growth of around 2 percent expected this year, around the same level as in 2013.
world, economy, luxury, China
94
2014-32-19
Monday, 19 May 2014 01:32 PM
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