California Economic Outlook: December 2009

Slowly Stepping Away from the Economic and Financial Abyss As in the nation, California’s economy is showing important signs that it too is emerging from recession. California manufacturing surveys returned to expansion in the third quarter and California technology companies have been reporting strong third quarter earnings and improved sales outlooks for coming quarters. The recovery in the … Slowly Stepping Away from the Economic and Financial Abyss As in the nation, California’s economy is showing important signs that it too is emerging from recession. California manufacturing surveys returned to expansion in the third quarter and California technology companies have been reporting strong third quarter earnings and improved sales outlooks for coming quarters. The recovery in the state’s key technology sector will be a key growth driver for the state, especially for Northern California over the near term. Thank you for your interest in Wells Fargo’s Economic Commentary by Email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by Email registration page: http://www.wachovia.com/economicsemail.