Clothing and Footwear Spending Up in May, as Disposable Income Rises

Despite some slowdown in the pace of growth, solid economic indicators, like a rise in consumer spending, point to positive signs for the U.S. economy. The Bureau of Economic Analysis (BEA) reported Friday that disposable personal income (DPI), a key gauge for retail spending, rose 0.4%, or $63.2 billion, in May. Personal consumption expenditures (PCE) grew…