California's consumer confidence showed a 2% improvement in July, marking a rare rise since Donald Trump's election. Despite this increase, the index is still down 25% since October and 8% lower than the average since 2007. While optimism about the future improved, indicated by a 9% rise in the expectations index, it remains 32% below October levels. Conversely, the view on current conditions declined by 4% in July. Nationally, consumer confidence also rose 2%, but many states exhibited varying levels of optimism, revealing a general economic uncertainty.
In July, California's consumer confidence rose 2% from June, marking only the second monthly improvement since Trump's election. The index still remains 25% off from its October high.
Despite a slight increase in the overall confidence index, Californians remain anxious about the future, with the forward-looking expectations index down 32% since October.
Californians' view of current conditions worsened in July, with the present situation index falling 4% for the month and down 16% from October.
Nationally, consumer confidence rose 2% in July, reflecting mixed feelings about finances across states, highlighting the economic unease prevalent in a polarized environment.
Collection
[
|
...
]