Consumer spending refers to the total amount of money that households spend on goods and services for personal use within a specified period. It encompasses various categories, including durable goods (like cars and appliances), nondurable goods (such as food and clothing), and services (like healthcare, entertainment, and education). Consumer spending is a critical component of economic activity, as it drives demand for products, influences business investment, and contributes significantly to a nation’s gross domestic product (GDP). Changes in consumer spending are often indicators of economic health, reflecting consumer confidence, disposable income levels, and broader economic conditions.
The stock market is sending positive signals that suggest a continuation of its rally into 2025. Observations reveal that **consumer discretionary stocks are outperforming their staples counterparts**, indicating heightened consumer…