Make us your home page
Instagram

Florida consumer confidence down again for third month

Consumer confidence in Florida fell for the third month in a row in April, according to a University of Florida survey released Tuesday. Florida's drop contrasts with steady confidence levels across much of the rest of the country.

UF's monthly telephone survey showed all five measurements of consumer confidence falling with the biggest drop — 4 percentage points — in consumer expectations of where their personal finances will be a year from now.

The past two years, the national economy showed vigor in the beginning of the year before sagging in springtime. Last year, consumer confidence faltered in the spring as well.

"While we are in some ways repeating the pattern from last year, the levels of consumer confidence among Floridians are higher overall," said Chris McCarty, survey director within UF's Bureau of Economic and Business Research. Last April, Florida's index was at 68 compared to 73 this month.

McCarty said a slight uptick in jobs and rise in home prices is helping, but rising gas prices loom as a negative.

The index is benchmarked to 1966, which means a value of 100 represents the same level of confidence for that year.

Nationally, Americans' confidence in the economy held steady in April, according to the Conference Board, a private research group.

The national consumer confidence index now stands at 69.2, down slightly from a revised 69.5 in March. Economists were expecting a reading of 70, according to a FactSet poll of analysts. The index peaked this year in February at 71.6.

Economists closely track trends in consumer confidence because consumer spending accounts for about 70 percent of all economic activity.

Times wires contributed to this report.

Florida consumer confidence down again for third month 04/24/12 [Last modified: Tuesday, April 24, 2012 7:29pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Former Sen. Greg Evers, advocate for law enforcement, dead at 62.

    State Roundup

    TALLAHASSEE — Former State Sen. Greg Evers, the Baker Florida strawberry farmer and veteran politician, was killed in a single car crash hear his home in Okaloosa County. The Florida Highway Patrol confirmed the death late Tuesday, but deferred any further information pending an investigation. He was 62.

    Former Florida Senator Greg Evers, R- Milton, was a passionate advocate for law enforcement and corrections officers. He was found dead Tuesday afternoon in a car crash. He was 62. [SCOTT KEELER | Tampa Bay Times]
  2. Foundation Partners buys Anderson-McQueen Funeral Home

    Business

    ST. PETERSBURG — Anderson-McQueen Funeral Home, the Tampa Bay area's largest family-owned funeral company, has been sold.

    Anderson-McQueen Funeral Home, the Tampa Bay area's largest family-owned funeral company, has been sold.
[CHRIS URSO   |   Times]
  3. Water Street Tampa unveils video showing downtown's transformation

    Business

    TAMPA — Water Street Tampa, the sweeping, 50-plus acre redevelopment project in Tampa's urban core, has unveiled new images and video of what the downtown district will look like upon completion.

    Strategic Property Partners released a conceptual image of what the Tampa skyline will look like once its redevelopment of 50-plus acres of downtown will look like. [Photo courtesy of  of SPP]
  4. Florida ranks high for workplace equality between men and women

    Working Life

    When it comes to the workplace, Florida ranks fifth in terms of gender equality, a WalletHub study released Tuesday found.

    Florida ranks high in terms of equality between men and women in the workplace. Pictured is Sandra Murman, county commissioner in 2015, talking about the differences in pay between men and women. | [Times file photo]
  5. Treasury secretary's wife boasts of travel on government plane, touts high fashion

    National

    U.S. Treasury Secretary Steven Mnuchin's wife, Louise Linton, boasted of flying on a government plane with her husband to Kentucky on Monday and then named the numerous fashion brands she wore on the trip in an unusual social media post that only became more bizarre minutes later.

    Steven Mnuchin and his then- financee Louise Linton watch as President Donald Trump speaks during Mnuchin's swearing-in ceremony as  treasury secretary in the Oval Office of the White House on Feb. 13. [Mandel Ngan | AFP via Getty Images]