Californians were more optimistic about finance in July, only the second monthly improvement since Donald Trump won the presidency.
The measurement of the conference administration of Consumer Confidence of California increased by 2% from June, according to the assessment of my trusted spreadsheets of this index derived from the consumers’ polls. The index has fallen in seven of the nine months since October, just before the election day.
The confidential strength is 25% out of 25% from October, when it was 14 months high. It is also 8% below the average dating of the index to 2007.
The fear of Golden State is not unexpectedly given that Trump’s “America First” finds Thinking against the worldwide -oriented economy of California. Increased tension on enforcement of immigration and worldwide trade rushes are not trust boosters.
The general trust index rose in July because the optimism for the future of California improved. Part of the index – the “expectations” index – rose by 9%in July.
But Californians are still worried about what the next step is. This future -oriented index has fallen by 32% from October and is 19% below average.
In the meantime, California’s vision has been soured on the current conditions in July. The slab “current situation” of the reliability index was 4% for the month and fell by 16% from October.
After those drops, however, this measure of the current economic psyche remains 5% above the average of 19 years.
National care
The Golden State is not alone. Consumers throughout the country have equally mixed feelings about their finances.
The national trust index rose by 2% for July. It is from 11% from October, but remains 6% above average.
The seven other states that were followed by the Conference Board had also divided opinions about the economy.
Two state confidence -indexes had won from June:
Texas: 15% rise for July, increasing 6% compared to October and 6% above average.
Michigan: An increase of 10% for July, 19% rose from October and 38% above average.
Four had dips in optimism:
Florida: From 8% for July, a decrease of 11% from October, but 6% above average.
Pennsylvania: From 8% for July, a decrease of 9% from October, but 6% above average.
Illinois: From 6% for July, a decrease of 21% from October, but 6% above average.
Ohio: From 5% for July, a decrease of 7% compared to October and 10% above average.
And New York was flat for July. It is from 13% from October, but 17% above average.
Jonathan Lansner is the business columnist for the news group in South California. He can be reached at jlansner@scng.com
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