Industrial Strength

CEOs Aren’t Even Willing to Guess Anymore on US Consumer Recovery

Manufacturers say consumers are trading down, showing that the consequences of the K-shaped split in the economy are mounting.
There’s no silver bullet to reignite consumer spending on housing-related goods like power tools and heating systems.Photographer: Luke Sharrett/Bloomberg
Lock
This article is for subscribers only.

To get Industrial Strength delivered directly to your inbox, sign up here.

Some CEOs aren’t even willing to guess anymore about when the US consumer will start to see some relief.