Consumers are taking a wait-and-see approach, leaving the Conference Board’s Consumer Confidence Index essentially flat in March after declining sharply in February.
The index inched up to 26 from 25.3 last month.
According to the survey, consumers’ concern about the economy and labor markets hasn’t abated. Those who claimed business conditions are “bad” rose to 51.1 percent from 50.5 percent last month, and those who said jobs are “hard to get” rose to 48.7 percent from 46.9 percent.
For complete coverage, see Wednesday’s WWD.