Thursday, January 18, 2018
Business

Florida consumer confidence improves slightly short-term, more long-term

Floridians are only slightly more confident the economy is getting better in the short-term but feel much better about where we'll be by the end of the decade.

So says the latest monthly survey released Tuesday by University of Florida researchers.

Overall, consumer confidence inched up one point in January to 78, the poll found. Survey director Chris McCarty credited the improvement to the budget deal keeping the government funded through 2015, which assuaged seniors in particular.

Among the different components: the measurement of whether consumers felt better off than a year ago fell by one point.

But survey takers' confidence on where the economy will be three years from now rose three points while their long-term view over the nation's economic health five years from now zoomed up nine points.

The Conference Board's national outlook on consumer confidence, which was also released Tuesday, was likewise positive.

Consumer confidence climbed from 77.5 in December to 80.7 in January, surprising economists who had forecast a decline. The news helped feed a rebound in the stock market in early trading Tuesday.

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