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November Spending on Home Furnishings Slid 0.4%

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Consumer spending on clothing and footwear fell in November, ending a three-month streak of monthly increases, the U.S. Bureau of Economic Analysis (BEA) reported in its Personal Consumption & Outlays report. Personal consumption expenditures (PCE) on clothing and footwear declined 2.3 percent last month compared to October to $516.52 billion. PCE for household furnishings, equipment…

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