Florida Consumer Confidence On The Rise

November 13, 2012

Florida consumers were slightly less confident in October than a month earlier, but are more optimistic than they have been since the Great Recession began, the University of Florida reported.

UF’s Bureau of Economic and Business Research released its monthly index of consumer sentiment, which fell to 79 from an upwardly revised score of 80 in September. Three of the indices tracked by the survey, including two relating to past and future personal finances, fell for the month.

Floridians, however, say they are more confident in the U.S. economic recovery over the next year and five years down the road.

“The economy is clearly in recovery,” said BARB economist Chris McCarty. “However, as we have pointed out in previous releases, the recovery could be derailed if the impending fiscal cliff is not addressed in a sensible and coordinated way.”

By The News Service of Florida

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Written by William Reynolds · Filed Under News