Clothing and Footwear Spending Rise in November on Holiday Buying Spree

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…