Jeff Rinkov Jeff Rinkov is the CEO of Lee & Associates.

LOS ANGELES—In the first quarter of the year, consumer spending lagged. Spending in the automotive and food and drink industries—the former leaders for consumer dollars—was down and GDP climbed only .5%, according to the 1Q16 report from Lee & Associates. The affect was critical for the retail market, which slugged along with very nominal growth. In industrial, however, it was a different story. While the industrial market is driven by ecommerce, it seems unaffected by consumer spending trends, turning out another phenomenal quarter of growth, an ongoing trend since 2010. To find out why consumer spending hasn’t affected the industrial market and where consumer spending is headed, we sat down with Jeff Rinkov, the CEO of Lee & Associates and a market expert, for an exclusive interview.