As Arizona COVID-19 Cases Rise, Consumer Confidence Drops
Coronavirus caseloads are on the decline in Arizona, but deaths associated with the virus continue to stack up around the state. Health officials added 2,296 new infections and 214 deaths to its daily dashboard Feb. 3.
Local economies have also been negatively affected by the pandemic. Thousands have lost their jobs, and some businesses have been forced to close their doors.
The Arizona Business Index, a quarterly gauge of how consumers feel about the state’s economy, finds residents don’t feel great about it.
The survey found drops from October to December in both the percentage of Arizonans who think their current financial situation is better than a year ago and those who think business conditions will improve in the next year.
To find out about what this all means for the region and its economy, The Show spoke with Todd Sanders, president and CEO of the Greater Phoenix Chamber of Commerce, which released the data.