Consumer Spending Sectors

Which sectors will recover the fastest?

The United States is the world's largest economy and also the world’s largest consumer market

In 2020, American residents will spend around $12.5 trillion on durable and nondurable goods and services. This is more than half a trillion less than last year. It is likely to take until 2022 before personal consumption expenditure recovers to where it was in 2019, and, given population growth of 2.5 million people per year, only in 2023 will the average American spend the same amount as in 2019.

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MarketPro provides forecasted economic data to identify the markets with the highest recovery potential, especially for the growing middle class. This allows you to concentrate on fast recovering sectors tailored to effectively serve your target regions.

To find out more about your key markets and the impact COVID-19 had on their growth trajectory, contact us.

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