Consumer confidence drops

March 26, 2013 | 10:53 a.m. CDT
Shoppers look at clothing on sale at the Footloose store in Mt. Lebanon, Pa., in early March. The Conference Board, a New York-based private research group, said its reading of consumer confidence fell in March after rebounding last month. The index gauges how Americans are feeling about their jobs, incomes and other bread-and-butter issues. That's important because consumer spending accounts for 70 percent of U.S. economic activity.

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