Uni. of Mich. Consumer Confidence (Mar.)

Most of the decline in the University of Michigan's measure of consumer confidence to 79.9 in March, from 81.6, can be attributed to the unseasonably bad weather. After all, the usual determinants of confidence have remained resilient; stock markets are close to record highs and the latest drop in initial jobless claims suggests that the labour market is showing signs of thawing after the winter chill.

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