Coronavirus pushes California consumer confidence to 7-year low

The lack of progress against coronavirus is making California shoppers anxious, pushing the state’s consumer confidence to a seven-year low.
The Conference Board reports its consumer confidence index for California was at 64.7 for July — down from a revised 77.5 a month earlier and far below 114.5 a year ago. The last time the index was lower was in March 2013, early in the Great Recession’s economic recovery.
Let’s recall that in late winter the pandemic’s spread f