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Consumer Spending on Clothing and Footwear Climbs Slightly in May

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Consumer spending on clothing and footwear ticked up 0.4 percent in May to $430.19 million compared to April, marking the third straight month of increases after falling in February, according to estimates released Friday by the U.S. Bureau of Economic Analysis (BEA). However, the increase in clothing and footwear spending did represent a slowdown from…

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