"has been remarkably resilient ... ultimately this is driving a sound economy,"
"Though consumer sentiment remains soft, we experienced strong demand for Filtrete [air] filters, Scotch tape and Meguiar's [car care] products,"
"While many consumers remain in overall good shape, certain segments of the population are under pressure,"
"Some factors are transitory ... others may be long lasting, like the cumulative impact of inflationary pressures, uncertain trade dynamics and an ever changing geopolitical environment,"
Consumer spending has remained remarkably resilient and is contributing to overall economic strength, with consumer deposits continuing to grow. Major brands and bellwether companies report strong sales despite sluggish jobs growth and persistent inflation. 3M saw strong demand for household and car-care products. General Motors posted better-than-expected results driven by pickup-truck demand and smaller tariff-related charges, and expects improvement next year. Coca-Cola signaled a bifurcated market where higher-income consumers help sustain sales while lower-income shoppers are pulling back. Inflationary pressures, tariff and trade dynamics, and geopolitical uncertainty could produce longer-lasting effects on certain consumer segments.
Read at Axios
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