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Some surveys since the Brexit vote did indeed pick up an abrupt drop in consumer confidence.
But the market rallied after the drop in consumer confidence was reported.
A steep drop in consumer confidence, also reported this week, is making the outlook even grimmer.
The sharp drop in consumer confidence in early February told a contradictory story.
" December also saw the sharpest drop in consumer confidence in 2018, despite a strong labor market.
Last week's stunning drop in consumer confidence to a nine-year low has been followed by other poor numbers.
Similar(22)
Recent months have seen dizzying volatility in the securities markets and a sudden drop-off in consumer confidence.
Mr. Pinault said that the effects of the credit crunch had compounded a general drop-off in consumer confidence, making it harder to predict demand.
The slight rise followed three consecutive monthly drops in consumer confidence.
The broader U.S. stock indexes stumbled lower Tuesday following a drop in March consumer confidence and weakness in the housing market.
The dollar fell after reports showed a drop in United States consumer confidence and faster inflation in January.
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