Report: Consumer Confidence Hits Post Recession High In Florida

June 25, 2014

The state’s consumer confidence hit a post-recession high in June, according to a University of Florida report. On a scale that ranges from two to 150, confidence among Floridians sits at 82, four points higher than in May, according to numbers released Tuesday by UF’s Survey Research Center in the Bureau of Economic and Business Research.

The increase, bolstered by rising optimism from young Floridians and those in low-income households, was surprising, said Chris McCarty, director of the center.

“While the Florida economy is certainly stabilizing, it is not exhibiting trends that would indicate great potential for growth, at least through this year,” McCarty said in a release.

Some of the optimism, according to McCarty, may be due to a drop in gas prices and the state’s improved unemployment mark, which was aided by new leisure and hospitality jobs.

“Those are the kinds that will be filled by people who live in lower income households,” McCarty said in the release.

by The News Service of Florida

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Written by William Reynolds · Filed Under News