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Consumer Spending on Clothing and Footwear Down Again in May

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Consumer spending on clothing and footwear fell for the third straight month in May, which the Bureau of Economic Analysis (BEA) said Friday was reflective of a $71.5 billion decrease in spending for all goods. Personal consumption expenditures (PCE) for clothing and footwear declined a seasonally adjusted 1 percent to $474.64 billion in May compared…

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