There's a reason for everything.
This month has Spring Break, traditionally a slowing period. Most schools in the US close for a week; Spring Break weeks start next Monday, and the two remaining weeks of March. But the majority of US tax payers who are getting a refund will start receiving them later in the month and next month.
This March has five pay weeks, which may result in some higher sales. For people getting paid every other week, they may see three checks, instead of the usual two.
We just came from February, which has only 28 days, with that many fewer earning days, yet consumers are expected to pay the same for monthly mortgage, car loan, and so on. That means they're hard up until more pay periods for March.
I have NO IDEA if any of this actually makes a difference, but they're all potential reasons for whatever you want to read into the current state of consumer spending.
|