Make us your home page
Instagram

Florida consumer confidence still healthy despite drop from record high

Consumer sentiment in Florida dropped in April from a record high, though Floridians are still optimistic about the economy, according to a University of Florida survey. The survey said consumers were a little less likely to buy a major household item during the month. [Associated Press file photo]

Consumer sentiment in Florida dropped in April from a record high, though Floridians are still optimistic about the economy, according to a University of Florida survey. The survey said consumers were a little less likely to buy a major household item during the month. [Associated Press file photo]

Consumer sentiment in Florida dropped slightly in April from the previous month's record high, though Floridians generally remain optimistic about economic conditions, according to a University of Florida survey released Tuesday.

UF said consumers are still more optimistic overall than in the same period a year ago.

The consumer sentiment index dropped 3.5 points to 95.7, UF said. But consumers' perceptions of their financial situation now compared to last year rose 2.2 points. That is the highest reading since February 2005.

On the other hand, sentiment about whether it was a good time to make a major household purchase such as an appliance dropped 1.9 points.

Other markers dropped in April as well, including expectations of personal finances a year from now and anticipated U.S. economic conditions during the next five years .

"Despite the decrease in one of the two components that address present conditions, current perceptions have remained stable in recent months, reflecting the favorable economic conditions that have prevailed in the state," said Hector H. Sandoval, director of the Economic Analysis Program at UF's Bureau of Economic and Business Research.

Those earning more than $50,000 a year were the most optimistic, the survey found.

Florida consumer confidence still healthy despite drop from record high 05/02/17 [Last modified: Tuesday, May 2, 2017 6:26pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Carrollwood fitness center employs scientific protocol to help clients

    Business

    In 2005, Al Roach and Virginia Phillips, husband and wife, opened 20 Minutes to Fitness in Lakewood Ranch, and last month they opened the doors to their new location in Carrollwood.

    Preston Fisher, a personal fitness coach at 20 Minutes To Fitness, stands with an iPad while general manager/owner Angela Begin conducts an equipment demonstration. The iPad is used to track each client's information and progress. I also included one shot of just the equipment. The center recently opened in Carrollwood. Photo by Danielle Hauser.
  2. Olive Tree branches out to Wesley Chapel

    Business

    WESLEY CHAPEL — When it came time to open a second location of The Olive Tree, owners John and Donna Woelfel, decided that Wesley Chapel was the perfect place.

    The Olive Tree expands its offerings of "ultra premium?€ extra virgin olive oils (EVOO) to a second location in Wesley Chapel. Photo by Danielle Hauser.
  3. Massachusetts firm buys Tampa's Element apartment tower

    Real Estate

    TAMPA — Downtown Tampa's Element apartment tower sold this week to a Massachusetts-based real estate investment company that plans to upgrade the skyscraper's amenities and operate it long-term as a rental community.

    The Element apartment high-rise at 808 N Franklin St. in downtown Tampa has been sold to a Northland Investment Corp., a Massachusetts-based real estate investment company. JIM DAMASKE  |  Times
  4. New York town approves Legoland proposal

    News

    GOSHEN, N.Y. — New York is one step closer to a Lego dreamland. Goshen, a small town about fifty miles northwest of the Big Apple, has approved the site plan for a $500 million Legoland amusement park.

    A small New York town, Goshen approved the site plan for a $500 million Legoland amusement park. Legoland Florida is in Winter Haven. [Times file  photo]
  5. Jordan Park to get $20 million makeover and new senior housing

    Real Estate

    By WAVENEY ANN MOORE

    Times Staff Writer

    ST. PETERSBURG —The St. Petersburg Housing Authority, which bought back the troubled Jordan Park public housing complex this year, plans to spend about $20 million to improve the 237-unit property and construct a new three-story building for …

    Jordan Park, the historic public housing complex, is back in the hands of the St. Petersburg Housing Authority. The agency is working to improve the 237-unit complex. But the latest plan to build a new three-story building for seniors will mean 31 families have to find new homes. [LARA CERRI   |   Tampa Bay Times]