Fla. consumer confidence drops again

Published On: Sep 24 2013 11:56:10 AM EDT   Updated On: Sep 24 2013 01:37:45 PM EDT


Consumer confidence in Florida was down again last month, according to a University of Florida survey.

The monthly survey released Tuesday shows the state's consumer confidence dropped 1 point to 76 in September. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

The survey found the expectation of personal finances a year from now fell three points to 78. Expectations of U.S. economic conditions over the next year fell four points to 74 while expectations of U.S. economic conditions over the next five years fell six points to 72. Perceptions as to whether it is a good time to buy big ticket items rose three points to 90.

Chris McCarty, who directs the survey, says the downturn suggests an ongoing trend and he warned that the state could slide back into recession if the federal government shuts down. He also notes that lower-income households remain pessimistic about their current and personal finances.

"The decline in our index is definitely a trend and one that is now being reflected in other economic data," said McCarty. "This month's decline is once again concentrated among lower income households, who are particularly pessimistic about their current and future personal finances. The growing pessimism about long-term U.S. economic conditions was fueled by lower income respondents and seniors."

McCarty notes that while there has been positive economic news recently a closer look shows that Florida actually lost jobs last month.


The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus