California consumers are significantly less confident in the economy now compared to eight years ago, with a 25% drop in consumer confidence since October 2024. The present situation index has also fallen by 23%, reflecting a negative perception of the current economic climate. In contrast, consumer confidence rose 19% eight years ago after Trump’s first election. Nationally, U.S. consumer confidence has decreased by 11% since October 2024, indicating a broader anxiety beyond California.
Consumer confidence in California has declined significantly, dropping 25% since October 2024 compared to a 19% increase after Trump's first election in 2016.
The present situation index for California is down 23% since October 2024, while it rose 30% in the same period eight years ago.
California consumers are expressing a pessimistic view of the current economic climate due to Trump's actions and proposed policies during his second term.
Expectations for the future are also negative, with the expectations index down 28% since October 2024, contrasting sharply with a previous 10% increase after Trump's first win.
#california-consumer-confidence #trump-economic-policies #consumer-sentiment #economic-index #national-anxiety
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