Saturday, December 16th 2017

What is the Consumer Discretionary Sector?

A large phrase to describe the sector of the economy that relies on consumers to spend that part of their paycheck that is disposable or discretionary on things they do not absolutely need to survive. In many economies, this is the largest segment of the economy because it include automobiles (the largest), all retail store, fast food and media companies.

The largest companies in the world that fit this diverse classification are Toyota Motor Corporation, McDonalds and Home Depot. Because this area needs consumers to be thriving to add these goods to their shopping list, the consumer discretionary sector tends to perform the best during the middle of an upswing in the economy and late in the upswing. As things falter in the economy, this group gets devastated.

 


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