According to the Conference Board, an independent research group, the consumer confidence index fell from 76.4 in February to 64.5 in March. This low confidence rating surprised many analysts who were expecting a much higher number.
What impacts this confidence rating? Well, it ties directly to how consumers view general business conditions, the job market, and their prospects for a good income.
In Colorado, many of these conditions are actually in quite a favorable place and our local economy is continuing on an upward trend. Job prospects are good, our real estate market continues to hold steady, and we are no longer a leader in number of foreclosures - we now fall somewhere in the mid-range for all the states.