The March 2011 NPD U.S. Economic Perception Indicator, a measure of consumer confidence, showed a 2.7 point decline from the previous month to a new reading of 39.2. The March figure is also down from 40.1 in March 2010.
Consumers' economic perception is certainly not helped by the near-record low housing construction and home sales reports that were released in the last two weeks.
The NPD Group's U.S. Economic Perception Indicator measures consumer beliefs about the current and near-term state of the U.S. economy, on a scale of 0 -- "very concerned" -- to 100 -- "very confident."
Source: The NPD Group Inc./The Economy Tracker