California's consumer confidence showed a rare 2% increase in July, only the second uplift since the start of Donald Trump's presidency. However, the index remains 25% lower than its pre-election high in October and 8% below the 2007 average. While expectations about the future improved by 9%, they are still significantly down from October. Nationally, consumer sentiment is similarly mixed, with other states experiencing varied changes in optimism. California's economic anxieties stem from Trump's America First policy amidst tensions around immigration and global trade, affecting overall confidence.
Californians experienced a minor boost in financial optimism with a 2% increase in the consumer confidence index for July, marking only the second monthly rise since Trump's presidency began.
Despite the slight improvement, the overall confidence index remains significantly lower, down 25% from October and 8% below the average since 2007, reflecting ongoing economic anxiety.
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