Statewide consumer confidence index has 3% one-month gain and a 7% gain over 12 months.
” digs into trends that may indicate economic and/or housing market troubles ahead.California optimism hit a 10-month high in April despite a host of worries from the war in Ukraine and a cooling-yet-inflating economy at home.The Conference Board polls shoppers monthly, creating various consumer confidence indexes, including one for California.The overall statewide index was 125.9 in April — up from a revised 122.4 a month earlier and up from 118 a year ago.
That’s a 3% one-month gain and a 7% gain over 12 months. California confidence averaged 113 in the five years before the pandemic.California consumers’ view improved, with the index at 161.9 for the month — up from 151.7 a month earlier and above 111.9 a year earlier. This measure averaged 141 in 2015-19.Shoppers are skittish, with the index at 101.9 for the month — down from 102.9 the previous month and down from 122.1 a year earlier. This measure averaged 94 in 2015-19.
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