Despite macroeconomic challenges and rising fears about the economy weakening, retail sales rose 0.4% in April, while core sales rose 0.7%. Many economists believe consumer spending will support the economy despite the rising risks of a recession.
So, investors interested in investing in quality consumer stocks can consider buying The Procter & Gamble Company (PG), Edgewell Personal Care Company (EPC), and United-Guardian, Inc. (UG).
