Industry - Monthly Industry Briefings - Food, beverages & other consumer goods

Industry - Monthly Industry Briefings - Food, beverages & other consumer goods

In February, US sector output grew 0.9% m/m, building on the steady growth seen in January. This was driven by rapidly declining coronavirus cases, after a peak in January. Improving health conditions have led to an increase in consumer spending, despite the conflict in Ukraine contributing to falling consumer confidence in February and higher oil prices weighing on disposable income. But overall, we will likely see more subdued output in the near term.