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Clothing and Footwear Spending Dips in September as Caution Creeps In

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Real personal consumption expenditures (PCE) for clothing and footwear fell $2.62 billion in September, to $402.94 billion—a 0.6 percent drop from August, according to Bureau of Economic Analysis (BEA) figures released Monday. Overall real PCE, which includes adjustment for inflation, rose 0.3 percent in September, reflecting an increase of $33.5 billion in spending for goods and…

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