Make us your home page

Economic concerns push down Florida's consumer confidence index

A gloomy assessment of the nation's economy drove down consumer confidence among Floridians in May, according to a new University of Florida survey.

The 2-point drop put the state index at 78, a level reflecting a relatively low degree of optimism.

Chris McCarty, survey director within UF's Bureau of Economic and Business Research, said the decline was "significant" but still within the range that confidence has been fluctuating over the past year.

"Much like other economic indicators, consumer sentiment seems to be stuck in a relatively narrow range," he said. "The index is neither trending down or up."

The biggest drag came when survey takers were asked whether U.S. economic conditions would improve five years out (down 5 points) and their confidence in the national economy this year (down 4 points).

Of the other three components that make up the index, two were up and one was unchanged.

The monthly survey is benchmarked to 1966, which means a reading of 100 matches the level of confidence for that year.

Economic concerns push down Florida's consumer confidence index 05/27/14 [Last modified: Tuesday, May 27, 2014 6:45pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Federal agencies demand records from SeaWorld theme park


    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood


    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa


    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county


    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.