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Clothing and Footwear Spending Rise in November on Holiday Buying Spree

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As the holiday purchasing push got going in earnest, consumer spending on clothing and footwear benefited. Personal consumption expenditures (PCE) on clothing and footwear increased 1.5 percent to $429.38 billion in November compared to the previous month, according to Friday’s report from the U.S. Commerce Department’s Bureau of Economic Analysis (BEA). It was the second…

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