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JPMorgan: Luxury Goods Sector Data Indicates Improvement in Q2

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On July 6, JPMorgan analysts pointed out that luxury goods companies are expected to benefit from positive industry-wide data signals in the second quarter. The data shows that the trends in Q2 are either on par with or have improved from Q1 performance. For instance, U.S. credit card data indicates resilient consumer spending, while sales at Japanese duty-free shops, retail, and department stores are accelerating. Consumers in most countries are exhibiting healthy spending patterns, particularly in the U.S., South Korea, and Japan.
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