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Clothing and Footwear Spending Fell for Third Straight Month in December

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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…

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