MOST INDEPENDENT JEWELERS see no more than a 30 percent chance of the economy falling into recession next year based on their current financial situations and past business experience, according to INSTORE’s 2019 Big Survey.
That’s slightly more upbeat than a panel of prominent economists surveyed by Bloomberg News that estimated there’s about a 35 percent chance of a downturn in 2020.
In the event the economy does turn south, 63 percent of jewelers felt their business were in a “strong” or “very strong” position to weather a slump.
Please note that the Big Survey is still open and we are adding new responses as they come in. If you’re a jewelry store owner or manager and would like to take the survey, it can be accessed HERE. Be quick though, we’ll be closing it soon.
(Please note the Big Survey is designed for owners or managers)