Despite the banking crisis, consumer spending remained resilient in March. The upbeat consumer and business sentiment further suggests that the economy is on the upswing. Hence, it could be wise to invest in sound leisure stocks Endeavor Group Holdings, Inc. (EDR) and Cedar Fair, L.P. (FUN). Let's discuss why.
In March, consumer spending held steady despite the banking crisis. The PCE Index rose about 0.1% to $8.20 billion, while personal income saw a 0.3% increase to $67.90 billion. Additionally, Disposable Personal Income (DPI) increased by 0.4% to $71.70 billion, as per the latest estimates from the Bureau of Economic Analysis.
