摩根士丹利:消费品行业销售疲软态势将延续至四季度 2026年改善幅度有限

金吾财讯
Oct 13

金吾财讯 | 摩根士丹利分析师指出,受美国市场持续低迷及国际市场增速放缓拖累,消费品行业第三季度有机销售增长预计将再度疲软,且此趋势或延续至第四季度。尽管2026年行业可能因关税带来的提价而小幅改善,但整体增长预计仍将低于长期趋势和市场预期。报告同时警告,若关税引发的涨价进一步挤压中低收入群体消费能力,明年宏观风险可能上升。

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