Issues in financial system are proven in all areas of human life. Economists use completely different indexes to judge the financial system, together with the so-called lipstick index.
What’s the lipstick index
Estee Lauder Chairman Leonard Lauder created the Lipstick Index through the financial downturn after September 11, 2001. He famous that the acquisition of cosmetics, particularly lipstick, tends to be associated to the state of the financial system, as girls substitute costlier purchases with cheaper ones.
Thus, within the fall of 2001, lipstick gross sales in america elevated by 11%, and through the Nice Despair, cosmetics gross sales normally elevated by 25%.
In 2020, on the top of the financial recession, Estee Lauder CEO Fabrizio Freda stated the lipstick index was changed by a skincare index as shoppers started carrying masks and figuring out from dwelling, however the idea remained.
What’s the present state of the sweetness market?
Nila Montgomery, CEO of Overeon, in an interview with the publication CNN he famous that through the pandemic, cosmetology started to give attention to the acquisition of non-public care merchandise.
“I believe that makes it extra resilient to wider financial tendencies. When individuals take into consideration the place to chop spending, it is extra more likely to be style and really costly discretionary objects than magnificence, ” stated Montgomery.
Based on her, though “cleanliness” is shifting now, and most shoppers of cosmetics are centered on lively merchandise that permit them to keep away from injection cosmetology, there are nonetheless clear lips.
“We proceed to see how “clear” women select coloration. We now have pink lips…
Mac Mòr Desk – the newest information
The Mac Mòr Index is an financial indicator created by The Economist journal. Determines how a lot a forex is overvalued or undervalued in opposition to the greenback, primarily based on McDonald’s Huge Mac costs.
To calculate, the worth of a burger in numerous nations is transformed to US {dollars} after which in comparison with the fee within the US.
As of January 2024, the Ukrainian hryvnia is undervalued in opposition to the greenback by 48.4% – the trade charge must be 19.33 UAH / greenback
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2024-06-10 12:12:00
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