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. Tampa Bay's Top 100 Workplaces deadline extended to Nov. 17

    Business

    Think you work at one of the best places in Tampa Bay? You've got a little more time to make a pitch.

    Penny Hoarder and Gregory, Sharer & Stuart were among those at an event in Tampa last May honoring winners of the Tampa Bay Times Top Workplaces awards. Nominations are now open for this year.  
[OCTAVIO JONES   |   Times]
  2. Tampa-based Checkers testing delivery, aims for record expansion

    Retail

    TAMPA — Tampa-based Checkers Drive-In Restaurants continues to fly under the radar compared to dominant burger chains like McDonald's and Burger King.

    Checkers Franchisee Shaji Joseph, of Tampa, hoses down the front walkway of his store at 6401 Park Boulevard, Pinellas Park. The business has a new look including signage and exterior tile. One drive through has been eliminated for an outdoor dining area, right. Joseph owns nine Checkers and is planning to open his tenth in Tampa.
[SCOTT KEELER   |   Times ]
  3. City Council approves $5 million for Clearwater Marine Aquarium expansion

    Briefs

    CLEARWATER — The City Council on Thursday approved contributing $5 million to the Clearwater Marine Aquarium for its massive expansion project.

    Clearwater has agreed to contributed $5 million to the Clearwater Marine Aquarium 
's $66 million expansion project.. [ Clearwater Marine Aquarium] 


  4. Trigaux: Florida, Tampa Bay lagging in growth of their startups

    Economic Development

    The annual assessment of how entrepreneurs are doing across the country is out from the Kauffman Foundation — among the best watchers of the nation's startup scene. How do Florida and Tampa Bay fare?

    Lured by financial incentives, startup GeniusCentral relocated from Manatee County in 2015 to St. Petersburg, promising to creatye 40 new jobs. It took downtown space in an appropriately creative workpace for entrepreneurs. It did not last there, later moving back to less expensive space in Manatee. A new Kauffman Index report on entrepreneurship found that Florida is a good place to launch startups but a tougher place to grow them.
[SCOTT KEELER    |      TIMES]
  5. Pleasant dreams: sleep travel site gives high marks to Tampa airport

    Airlines

    TAMPA — Traveling might be considered closer to a nightmare than a dream for many. But that might be different for those who travel through Tampa International Airport. It was ranked the No. 3 overall best airport in North America by Sleeping in Airports, a travel site that tracks the best airports to catch some …

    Tampa International Airport was ranked as the No. 3 best overall airport by travel site Sleeping in Airports. | [Times file photo]