Consumer confidence

UF report: Florida’s Consumer Sentiment falls in October

GAINESVILLE, Fla. — After a modest gain in September, Consumer Sentiment among Floridians fell a point in October to 63, four points above the record low of 59 set in June 2008, according to a new University of Florida study.

The index used by UF researchers is benchmarked to 1966, so a value of 100 represents the same level of confidence for that year. The lowest index possible is a 2; the highest is 150.

UF study finds modest rise in Florida’s Consumer Sentiment

GAINESVILLE, Fla. — Florida’s Consumer Sentiment Index rose this month to 64, up three points from a revised mark of 61 in August, which was only two points higher than the record low of 59 set in June 2008, according to a new University of Florida survey.

“The increase in confidence this month was mostly a rebound from very low levels in August,” said Chris McCarty, director of UF’s Bureau of Economic and Business Research and Survey Research Center, which conducted the survey.

How Will Consumer Sentiment Affect Year-end Spending?

As September draws to a close, the holiday season will soon be upon us. It is also the traditional time when consumer spending surges make the annual difference between retailers reaching profits or red ink. But according to a recent consumer study conducted by Princeton Survey Research Associates on behalf of BankRate.com, many consumers have already begun tightening household budgets.

Seniors' depression over economy may bode ill for Perry

The survey results are in and Florida's old folks are scared out of their wits.

That should give pause to the Republican presidential candidates preparing to debate in Orlando on Thursday.

Social Security concerns unnerve Florida seniors

MIAMI (Reuters) - Florida seniors were so rattled by proposed changes to Social Security emerging in the U.S. political debate that their Consumer Sentiment levels plunged more than that of any other age group in August, an economic survey showed.

And that was before Texas Governor Rick Perry called the popular retirement program a "Ponzi scheme" during last week's debate among Republican presidential candidates.

Economists' forecast starts to reflect public sentiment

The National Association for Business Economics has trimmed its forecast for U.S. economic growth to 1.7 percent from 2.8 percent.

NABE cites a laundry list of reasons for revising its forecasts lower, including low consumer and business confidence, uncertainty about future economic policies, a weak housing market and tight credit. The association’s panelists say they are also very concerned about high unemployment, the federal deficit and the European debt crisis.

Florida business, labor leaders praise Obama jobs plan

WASHINGTON — In job-starved Florida, President Barack Obama's nationally televised address to Congress sparked renewed hope on Friday that a burst of federal spending and tax incentives would prompt companies to begin hiring again.

Dip in Florida Consumer Sentiment points toward recession

GAINESVILLE, Fla. — Consumer Sentiment among Floridians decreased to a near-record low in August, according to a new University of Florida survey. This month’s mark of 62 is only three points higher than the record-low 59 set in June 2008.

Psyche will drive possible double-dip

The stock market's recent Tower of Terror routine — hair-raising free falls followed by a quick bounce back up — was enough to ramp up already heightened fears of a second recession. But unlike the Disney ride, the panic isn't coming to an end any time soon.

Concerns about a double-dip picked up momentum as the Standard & Poor's downgrade of U.S. debt and market drops gripped the nation with renewed anxiety.

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