Western handbag sales in the US are set to rise, as the nation continues to recover from a brutal winter.
The US Bureau of Labor Statistics said on Monday that US sales of luxury handbags and other luxury goods rose 8.3% in January, up from 8.1% in December.
That marked a slight rise from the 9.4% gain in December, which analysts say was driven by higher-end luxury handbag purchases and an uptick in luxury-branded brands.
Sales of handbags rose at a faster pace than luxury products, which rose at an even faster rate.
The figures are important because they come after the Winter Olympics, which kicked off last week, and coincide with the US presidential election.
President-elect Donald Trump, who campaigned on a promise to revive the US manufacturing sector, has been a strong supporter of luxury goods, but has also pushed for a more robust trade policy.
A number of US manufacturers, including Procter & Gamble Co and Dillard’s, have been hit by high commodity prices and are struggling to compete in a global economy.