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Consumer Spending Rose in June, But Not on Apparel and Footwear

Spending on apparel and footwear dipped in June, but the overall picture for U.S. personal income and expenditures bodes well for consumer outlays in the coming months. Personal income increased $71.7 billion or 0.4% in June according to the Bureau of Economic Analysis (BEA). Disposable personal income (DPI), an important indicator for retail spending, rose…

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