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home / news releases / PSL - U.S. Services Have Better China Lockdown Defenses


PSL - U.S. Services Have Better China Lockdown Defenses

  • New lockdowns in the Chinese manufacturing hub of Shenzhen presage more supply disruptions for companies and higher prices for consumers.
  • As items from electronics to cars become ever more expensive or unavailable, households will revert to pre-pandemic habits and focus their non-essential spending on services like restaurants and travel.
  • Consumer prices rose 7.9% in the 12 months to February, according to the Labor Department. Meanwhile, services excluding those related to energy rose by a less eye-popping 4.4%.

For further details see:

U.S. Services Have Better China Lockdown Defenses
Stock Information

Company Name: Invesco DWA Consumer Staples Momentum ETF
Stock Symbol: PSL
Market: NASDAQ

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