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

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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