PARIS, July 28 Reuters Sales at Birkin bag maker Hermes accelerated in the second quarter, showing the resilience of global demand for the group39;s highend leather goods despite a clouded economic backdrop.

Group sales for the three months to the end of June came to 3.32 billion euros 3.65 billion, up 27.5 at constant exchange rates, above a Visible Alpha consensus for a 22 gain, with doubledigit growth in all regions.

Hermes39; results come as luxury stocks have come under pressure due to uncertainty over the pace of China39;s postpandemic recovery, while a monthslong spending frenzy in the U.S. market cools amid rising inflation.

Lacklustre economic figures for China and more cautious outlooks from Cartierowner Richemont and industry bellwether LVMH have pushed down shares of luxury companies down in recent days.

But Hermes, which targets wealthier consumers with handbags like the coveted 10,000 plus Birkin model, and is known for weathering economic turbulence better than rivals, saw strong growth across regions.

We39;ve seen no interruption in growth trends, Hermes Executive Chairman Axel Dumas told journalists.

In difficult times there is what you call a flight to quality and we have benefited, added Dumas.

Recurring operating income for the first half was 2.96 billion, up 28, while margins climbed to 44, compared to 42 in the first half of last year.

Strong print across the board, said Exane BNP Paribas, citing fast sales growth and consensusbeating…