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Consumer Discretionary Spending Bounced Back in January

The past year has brought increased scrutiny throughout the fashion supply chain, specifically within the textile industry. Join our webinar “Brace for Impact: Addressing Impact in Your Supply Network & Product” March 8 to learn what to do.

Rebounding from 6.2 percent declines in December, consumer spending on clothing and footwear, and home furnishings and durable household equipment, increased in January, according to seasonally adjusted estimates released Friday by the Bureau of Economic Analysis (BEA). Personal consumption expenditures (PCE) for clothing and footwear rose 4.5 percent to $499.03 billion last month, while PCE…

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