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

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

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…

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