Key indicators show that U.S. consumers have been remarkably
resilient over the last year, even as they confront the
triple-threats of the pandemic, inflation, and potential recession.
Out-of-home dining and e-commerce outpaced other sectors, while
consumers struggle with elevated grocery prices. Strong headwinds
remain, with core consumer prices continuing to climb, up 5.6% from
a year ago. With an additional rate hike expected from the Fed in
May, Consumer Products companies need to be prepared for anything
as we move further into 2023. Will their consumers remain
resilient?
YOY retail trade growth holds firm at 8% for fourth consecutive
quarter
Consumer sentiment continues to recover, with the first
positive YOY climb since Q2 2021
