Consumer Sentiment stays steady in Florida
Floridians' Consumer Sentiment remains nearly as high as it has been since the Great Recession hit in late 2007, according to a monthly University of Florida index released Tuesday.
However, that upbeat attitude is muted compared to good years before hard times hit, said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research. "It's not back to normal ... but it's better than when we were in the recession," McCarty said
August's overall Consumer Sentiment level was at 77; it remained unchanged from July's revised number. "The current Consumer Sentiment for Floridians is only a point below the post-recession high of 78," McCarty said.
But most years before 2008 when Floridians' Consumer Sentiment fell sharply, most monthly scores were above 90, McCarty said. "Only two were below 80, and they occurred during the recession of 1991 and 1992," he said.
Today's economy recovery from the Great Recession has been slow -- certainly not vibrant enough for Floridians to abandon their caution, the researcher added. "We're still dragging," McCarty said. "Many consumer would really debate whether it is a recovery."