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UF: Consumer Sentiment in Florida falls in April, marking three-month trend
GAINESVILLE, Fla. — Consumer Sentiment 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 Sentiment 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 Sentiment 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 Sentiment in Florida falls in April, marking three-month trend - University of Florida News - April 24, 2012
More on this topic:
Florida Consumer Sentiment down again - Tampa Bay Times - April 24, 2012
Consumer Sentiment in Florida drops in April - South Florida Business Journal - April 24, 2012
Consumer Sentiment in Florida dips slightly - Gainesville Sun - April 24, 2012
Consumer Sentiment down in Florida for third straight month - Jacksonville Business Journal - April 24, 2012
Consumer Sentiment falls again in Florida - Sun Sentinel - April 24, 2012
Consumer Sentiment declines slightly in Florida, nationwide - Palm Beach Post - April 24, 2012
Infographic: Florida Consumer Sentiment continues slide - the Current - April 24, 2012
FL Consumer Sentiment falls for 3rd month in a row - WWSB 7 (Sarasota, Bradenton, Venice, North Port) - April 25, 2012
Economy better? State has skeptics - Herald-Tribune - April 25, 2012
Florida’s Consumer Sentiment Hinges on Jobs, Election - Sunshine State News - April 26, 2012
Consumer Sentiment Down in Florida Despite Fall in Gas Prices - The Ledger - May 18, 2012