Split emotions on the economy aren’t just a California thing
California consumers remain deeply concerned about their economic future but feel somewhat satisfied with current business conditions.
My trusty spreadsheet’s review of the Conference Board’s Consumer Confidence Index for February showed a slight decline in Golden State optimism from revised January figures. The index, based on consumer surveys, dates to 2007.
But let’s take a longer-term peek. By this math, Californians’ overall confidence in February was 9% below the average optimism shown over 20 years of index data.