Despite economic uncertainty and the possibility of a recession, the consumer goods industry will likely remain steady amid technological advancements and increased consumer awareness. So, quality consumer goods stocks Unilever PLC (UL), Kimberly-Clark Corporation (KMB), and Henkel AG & Co. KGaA (HENKY) could be wise additions to your portfolio.
Consumer spending is resilient in the face of still-high inflation and rising borrowing costs. Retail sales rose 0.3% in May from the prior month. According to the National Retail Federation, retail sales will increase between 4% and 6% in 2023.
