(CNN) At first glance, the number of people buying pricy leather bags may not seem like a helpful bellwether for the health of the global economy.
But solid earnings at LVMH, the fashion conglomerate that owns brands like Louis Vuitton, Fendi and Dior, are a good indicator that consumers are getting comfortable spending on big-ticket items again.
What's happening: LMVH reported Thursday that its fashion and leather goods division returned to growth last quarter, with revenue rising 12% compared to the same period last year. Shares are up more than 6% in Paris.
The post People are spending on luxury items again -- that's a good thing appeared first on WND.
