Source: The Orange County Register
California shoppers continue to see through various bits of economic and political turmoil to push one measure of statewide consumer optimism to a new record high.
The March reading of the Conference Board’s Consumer Confidence Index shows California’s benchmark rising to a new high, breaking the previous peak set in December.
The data show California shopper’s confidence in current conditions sits just below a record set in December while their outlook for the financial future hit a new high in March.
California confidence, by this yardstick, has grown at an annualized rate of 9 percent in the 14 months
since Donald Trump became president. That’s the same annual pace of improvement seen in the previous eight years when Barrack Obama was in the White House.