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Clothing and Footwear Retail Spending Was Back Up in October

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Following two consecutive months of declines, real personal consumption expenditures (PCE) for clothing and footwear increased 0.7 percent to $405.77 billion in October compared to the previous month, according to estimates released Thursday by the Bureau of Economic Analysis (BEA). Overall real PCE, adjusted for inflation, rose 0.4 percent or $56.55 billion, in the month,…

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