Despite macroeconomic headwinds, consumer disposable income remained high in the United States, increasing to $18.98 trillion in December 2022 from $18.90 trillion in November 2022. Moreover, advance retail sales for the last month rose 3%, far more than the expected 1.9%, suggesting consumers’ incessant spending despite an uptick in inflation.
Moreover, conventionally consumer defense stocks are good hedges against market volatilities owing to stable demand for the goods. Consumer defensive company Unilever PLC (UL), headquartered in London, the United Kingdom, operates through the broad segments of Beauty & Personal Care; Foods & Refreshment; and Home Care.
