July’s Consumer Spending on Clothing, Footwear Follows ‘Up-and-Down’ Cycle

Consumer spending on clothing and footwear bounced back in July, increasing 0.6 percent to $409.77 million, after falling in June,  according to the Bureau of Economic Analysis’ (BEA) Personal Income and Outlays report released Friday. Reflective of other unsteady economic indicators, personal consumption expenditures (PCE) on clothing and footwear have been in an up-and-down cycle in…