Unity Marketing’s Luxury Consumption Index dropped back from 86.9 points, the highest level reached since September 2007, to 77.6 points.
Pam Danziger, president of Unity Marketing said in a statement that the index is higher than it was in October 2009, but the decline predicts a "slow down in luxury expenditures."
The LCI is calculated from the results of Unity Marketing’s quarterly Luxury Tracking Survey, conducted April 6-10th among 1,245 affluent luxury consumers (avg. income $331,500; age 45.6 years; 42 percent male/58 percent female). For more information, click here.