Coresight Bites: US Clothing and Footwear Spending Up 4% Year over Year

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• The Coresight Research US Apparel and Beauty Spending Trackerprovides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear. The data are sourced from the US Bureau of Economic Analysis (BEA).
• Consumer spending on clothing and footwear remained solid in May 2022 (latest data available), against strong comparatives. Shoppers upped their spending by 4.0% year over year, lower than April’s growth but higher than March’s growth. We believe that price rises were the major growth driver of the total spending on apparel and footwear in May 2022, with volumes down slightly.

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