UF: Consumer confidence in Florida falls in April, marking three-month trend
GAINESVILLE, Fla. — Consumer confidence among Floridians fell two points in April to 73 from the previous month’s revised figure of 75, marking a three-month decline, according to a monthly University of Florida survey.
All five categories measured by the survey dropped. Respondents’ overall assessment that their personal finances are stronger now than they were a year ago fell three points to 59. Their expectations of being better off financially a year from now fell four points to 78.
Respondents were modestly pessimistic over the economy. Their perceptions that the nation’s economy will improve in the coming year dropped one point to 72. Meanwhile, their confidence in U.S. economic conditions over the next five years also declined, dropping two points to 77.
Finally, perceptions, especially among those over 60, that now is a good time to buy big-ticket items, such as computers and automobiles, fell one point to 78.
This latest drop in consumer confidence was expected, according to Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research.
“While we are in many ways repeating the pattern from last year, the levels of consumer confidence among Floridians are higher overall,” he said. “This time last year the index was at 68 compared with 73 this month. All five of the index components are higher than they were last year, although lower than last month.”
UF: Consumer confidence in Florida falls in April, marking three-month trend - University of Florida News - April 24, 2012
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