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- Florida and the World
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- Consumer Sentiment Index
- Population Studies
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Data from our pre-election polling is used in this report from UF's Bob Graham Center for Public Service
GAINESVILLE, Fla. — Florida’s Consumer Sentiment survey for November 2014 has been released.
GAINESVILLE, Fla. — Florida’s Consumer Sentiment survey for October 2014 has been released.
GAINESVILLE, Fla. — Florida’s Consumer Sentiment survey for September 2014 has been released.
GAINESVILLE, Fla. — Florida’s Consumer Sentiment survey for August 2014 has been released.
Consumer Sentiment has reached a five-year high, but future optimism currently sits with how individuals view the 2012 presidential contest and less with the looming reality of the nation hitting the fiscal cliff, according to a University of Florida report.
The report released Tuesday reveals the state's Consumer Sentiment Index jumped to a five-year high of 79 -- up three points from a revised August reading of 76.
The monthly Consumer Sentiment numbers from UF’s survey research center at the Bureau of Economic and Business Research indicated that supporters of President Obama are more optimistic about the future, with backers of Republican presidential candidate Mitt Romney envisioning the economy sinking back into recession.
“October will be an interesting month for Consumer Sentiment,” said Chris McCarty, the survey director for the center.
“The presidential debate on October 3rd will focus on domestic policy and will almost certainly include a direct question about the fiscal cliff in January. Those Floridians who are still not aware of the potential effects of the looming cuts and tax increases will certainly know about them after that.”
Gov. Rick Scott noted the report -- which showed Floridians had better perceptions of their finances than a year ago and expectations of an improved economy in both one and five years -- as a sign that efforts to cut regulations and reduce state spending has helped the improved outlook by Floridians.
“While we still have more work to do, we see that our economy continues to improve,” Scott stated in a release.
“Last week, we learned that 28,000 more Floridians found jobs in the private sector in August and are now able to provide for their families. The fact that Florida’s Consumer Sentiment is at a five-year high is more good news and evidence that our state is moving in the right direction.”
Rick Scott: Florida Consumer Sentiment 'Moving in the Right Direction' - Sunshine State News - September 26, 2012
GAINESVILLE, Fla. — Florida’s September Consumer Sentiment reached a post-recession high of 79 — up three points from a revised August reading of 76, according to a monthly University of Florida survey.
“The last time Florida Consumer Sentiment hit 79 was in October 2007,” said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research. “At that time, confidence was on its way down as the housing crisis was getting under way. This month’s index comes at a time when the economy is still in recovery.”
The September survey showed increases in all five components that researchers use to assess the collective economic opinion of Floridians.
According to September’s findings, the component measuring respondents’ overall view of whether they think they are better off economically today compared to a year ago rose one point to 62. In addition, their expectations that personal finances will improve a year from now rose one point to 86. Meanwhile, survey takers’ overall faith in the U.S. economy over the next year rose three points to 78. They are also optimistic about the nation’s economic health over the next five years. That figure went up two points to 84. Finally, Floridians’ assessment that the present is a good time to buy big-ticket items, such as automobiles and refrigerators, rose two points to 82.
Despite this uptick in optimism, several economic conditions serve as a drag to Florida’s recovery. For one thing, job losses in construction and government helped keep the state’s unemployment rate in August unchanged from the previous month at 8.8 percent. Normal unemployment levels range from 5.5 to 6 percent.
“August also saw a decline of 10,000 people in the labor force,” said McCarty. Many of these individuals are discouraged workers who have abandoned their search for employment. This parallels a national trend.
UF: Florida Consumer Sentiment hits five-year high - University of Florida News - September 25, 2012
More on this topic:
Florida Consumer Sentiment zooms to five-year high - Tampa Bay Times - September 25, 2012
Floridians' Consumer Sentiment hits post-recession high - South Florida Business Journal - September 25, 2012
Florida Consumer Sentiment hits five-year high - Sun Sentinel - September 25, 2012
Florida's Consumer Sentiment hits 5-year high - Ocala.com - September 25, 2012
Florida's Consumer Sentiment hits 5-year high - News-Press.com - September 25, 2012
Florida's Consumer Sentiment hits 5-year high - CNBC - September 25, 2012
Florida's Consumer Sentiment hits 5-year high - CBS - September 25, 2012
State Consumer Sentiment hits post-recession high - Gainesville Sun - September 25, 2012
Consumer Sentiment Index: Floridians Optimistic About Economy - TheLedger.com - September 25, 2012
University: Florida Consumer Sentiment At Post-Recession High - NorthEscambia.com - September 26, 2012
Consumer Sentiment report shows optimism - NewsChief.com - September 26, 2012
Consumer Sentiment reaches a five-year high in Florida - Tampa Bay Business Journal - September 26, 2012
Floridians’ Consumer Sentiment at Highest Level Since 2007 - FlaglerLive.com - September 26, 2012
UF research center finds increase in Consumer Sentiment, discusses effect - WUFT - September 26, 2012