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Clothing and Footwear Spending Dipped in December, Capping a Volatile Year

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Consumer spending on clothing and footwear dropped in December for the second straight month after rising in October, the U.S. Bureau of Economic Analysis (BEA) reported on Friday. Personal consumption expenditures (PCE) for the sector fell 0.11 percent in December to $413.01 million compared to $413.45 million in November, after peaking for the year in…

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