Follow CBSMIAMI.COM: Facebook | Twitter

GAINESVILLE (CBSMiami/AP) — After reaching a 10-year high, consumer confidence among Floridians is dropping.

The monthly University of Florida consumer sentiment survey released Friday dipped more than three points point from last month.

The new survey shows that consumer sentiment was 94.1 in month of April. That’s on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

The drop ends a period when confidence was rising to post-recession levels.

Chris McCarty, director of the university center that does the survey, said in a statement that the drop was due to perceptions of personal finances. McCarty noted that the most significant drop in confidence came from households with an annual income over $50,000.

He said it appears that wealthier Floridians are anticipating an economic “slowdown.”


(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


Leave a Reply

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

Google+ photo

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

Twitter picture

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

Facebook photo

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


Connecting to %s

Watch & Listen LIVE