WATCH LIVE | CBS4 News This Morning

Survey: Consumer Confidence In Florida Drops Again In May

Follow CBSMIAMI.COM: Facebook | Twitter

GAINESVILLE (CBSMiami/AP) — A possible trend is forming as consumer confidence in Florida has dropped again.

The monthly University of Florida consumer survey released Tuesday shows consumer confidence has dropped for the second straight month.

The survey measured confidence in May at 93.3, which is 2.4 points lower than it was previously. The lowest index possible is a 2, and the highest is 150.

Hector Sandoval of the Economic Analysis Program at UF’s Bureau of Economic and Business Research says Floridians are becoming pessimistic about current economic conditions.

He added that residents were becoming more skeptical about their future personal finances.

The drop-off comes just two months after confidence had surged to its highest level in 15 years.

Sandoval said that if the pessimism persists it “might indicate a significant change in the trend of consumer sentiment.”

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)


One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

CBS4 New Home For Florida Lottery
Pro Football Challenge
Pro Football Knockout Pool

Watch & Listen LIVE