🛍️ Consumer Discretionary

Consumer discretionary includes companies that offer non-essential goods and services, whose demand varies with the economic cycle. It is a sector very sensitive to consumer confidence. Main sub-sectors: automotive and components, fashion, luxury and accessories, travel, leisure and hospitality, e-commerce and retail. Characteristics: strong cyclicality and seasonality, high competition and need for continuous innovation, dependence on disposable income and consumption trends.