With the fear of Covid-19 on the wane, consumers are spending much more on in-person services, like travel and entertainment, powering an impressive comeback in that sector. However, something has got to give. And that something is consumer spending on goods, like clothing, furniture, appliances and recreational equipment, which is in for a rough second half of 2022.

(SOURCE) https://www.cnn.com/2022/04/25/perspectives/consumer-goods-services-spending-economy/index.html