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February Spending on Clothing and Shoes Slid After January Gains

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Consumer spending on clothing and footwear fell back again in February after a significant rise in January, according to estimates released Friday by the U.S. Bureau of Economic Analysis (BEA). Personal consumption expenditures (PCE) for clothing and footwear declined a seasonally adjusted 4.9 percent to $419.06 billion last month compared to January’s $440.79 billion spend….

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