Consumer spending held well in July, with retail sales increasing 0.7% for the month, exceeding the 0.4% Dow Jones estimate. This increase in retail sales indicates that consumers are resilient and are willing to contribute to overall economic growth.
So, investors interested in investing in quality consumer stocks can consider buying The Procter & Gamble Company (PG), Kimberly-Clark de México, S. A. B. de C. V. (KCDMY), and United-Guardian, Inc. (UG).
