Coronavirus fallout: California consumer confidence drops to 13-month low

The golden state customer confidence was up to a 13-month low as the financial after effects of the fight versus coronavirus grows.

The Seminar Board reported Tuesday, March 31 that its customer self-confidence index for the state for March was 109.4 vs. 122.9 the previous month and 131.2 a year earlier. The last time the index, based upon consumer polling, was reduced was February 2019 as the nationwide and state economic situations were cooling and also rate of interest were on the surge.

The March report revealed California consumers had a bad impact of the organisation environment. The existing problems index was 156.7 vs. 164 the previous month and also 172.6 a year back.
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