UF: Consumer Confidence Remains Stable In Florida

February 27, 2014

The state’s consumer confidence held steady the first two months of the year, according to a University of Florida report. On a scale that ranges from two to 150, confidence among Floridians sat at 78 in February, the same as in January and a point higher than the final month of 2013, according to numbers released Tuesday.

“We expected little change to the February index given the agreement in Congress that averted another shutdown and debate over the debt ceiling,” Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research, said in a news release.

The monthly survey found that Floridians have slightly increased faith that the U.S. economy will improve over the next year, are more pessimistic about their personal finances, yet believe that now is the best time since before the recession to buy big-ticket items such as automobiles.

by The News Service of Florida

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Written by William Reynolds · Filed Under News