California consumer confidence took a stunning, record-breaking surge in February as a new president took office, the state economy further reopened and the hopes grew that the pandemic’s wallop could end soon.
Conference Board polling showed the monthly consumer confidence index for California at 101.6 for February — a pandemic era high that’s up from a revised 69.7 a month earlier but down from 122.9 a year ago.
That 46% one-month gain is the largest jump in the index’s history dating to 2007. But it’s still 17% below February 2020, just before COVID-19 throttled the economy.
I’m fairly certain California shoppers were cheered by Joe Biden’s inauguration Jan. 20
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