California confidence rebounds to 19-month high vs. big US dip
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California's consumer confidence has surged to a 19-month high, with optimism increasing by 25% in September—marking the 14th largest monthly rise since 2007. This rebound in confidence contrasts sharply with a notable dip in overall U. S. consumer sentiment. Analysts attribute this positive shift to various local economic factors, including job growth and improved financial conditions for households.
As confidence grows, many believe it could lead to increased spending and investment in the state. The report underscores the resilience of California's economy amidst national fluctuations.