Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Clothing and Footwear Spending Fell for Third Straight Month in December

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

Consumer spending on clothing and footwear fell 2.7 percent to $399.65 billion in December, the third consecutive monthly decline, according to estimates released Friday by the U.S. Bureau of Economic Analysis (BEA). Overall personal consumption expenditures (PCE) decreased 0.2 percent, or $27.9 billion, in the month. The PCE price index increased 0.4 percent. Excluding food…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!