California consumer confidence fell to a 13-month low as the economic fallout of the fight against coronavirus grows.
The Conference Board reported Tuesday, March 31 that its consumer confidence index for the state for March was 109.4 vs. 122.9 the previous month and 131.2 a year ago. The last time the index, based on consumer polling, was lower was February 2019 as the national and state economies were cooling and interest rates were on the rise.
The March report showed California shoppers had a poor impression of the business climate. The current conditions index was 156.7 vs. 164 the prior month and 172.6 a year ago.