California's consumer confidence rose 4% in May, but remains below pre-war levels due to the war with Iran and high gas prices. - The present situation index rose 6% in May, matching January's pre-war level.
- The expectations index rose only 2%, remaining 3% below pre-war levels. - Nationally, U.S.
confidence dipped 1%, with drops in six of seven other states. Despite a stronger job market, lingering uncertainty about the future and economic policies continues to weigh on consumers.