Clothing and Footwear Retail Spending Was Back Up in October

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,…