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2014 seems to be a year of uncertainty for the luxury industry, with feelings of optimism declining as the year goes on. According to a survey conducted by Wealth-X, a leading ultra HNI intelligence provider, the level of optimism at the end of the second quarter of 2014 fell even more than it had in the previous quarter.
The Luxury Industry Sentiment Index (LISI) fell 14 per cent, with many respondents expecting little to no changes in the third quarter.
Uncertainties about macro-economic stability and future demand are turning many cautious in their initial assessments.
Wealth-X conducts this survey across various sectors within the luxury industry including clothing, shoes and leather; watches and jewellery; spirits and wines; and art, antiques and collectibles, among others. Wealth-X
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