California consumers’ economic outlook has fallen sharply, reaching levels not seen since the Great Recession's recovery. March's expectations index dropped 15% from February, largely due to confusion surrounding Donald Trump's economic policies. While overall consumer confidence has decreased by 19% since Trump’s election, current economic perceptions remain stable, with present situation metrics showing a 14% rise. The overall confidence index remains slightly below its long-term average, indicating possible consumer adjustment to the current economic climate despite underlying concerns about future policies and their implications.
The consumer expectations index for California dropped 15% in March, reaching its lowest mark since June 2012, indicating a significant decline in consumer confidence.
Uncertainty around the economic policies following Trump's return to office has contributed to a notable drop of 38% in California's expectations since October, post-election.
#consumer-confidence #california-economy #trump-administration #economic-outlook #consumer-sentiment
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