“Our California Economic Activity Index declined for the third straight month, even though payrolls continue to grow at a moderate pace,” said Robert Dye, Chief Economist at Comerica Bank. “October’s decline can be mostly attributed to a weakening drilling rig count and a reset in construction activity after a September surge. Overall, housing markets look firmer, particularly in Northern California, providing broad-based support for the California economy.” Coamerica Bank
My indicator says the downturn is worse and started two quarters ago. So here we have a test, did I get it right or did Coamerica? If I win, then do I get this guys job?