UF survey: Florida consumer confidence jumps in Dec.
GAINESVILLE, Fla. – Jan. 2, 2012 – Consumer confidence among Floridians rose three points to 69 in December, reflecting cautious optimism in the economy, according to a recent University of Florida (UF) survey. Though the latest figure is only one point below the level set in December 2010, it marks the highest rank in the past nine months.
The index used by UF researchers in the survey is benchmarked to 1966, which means a value of 100 represents the same level of confidence for that year. The lowest index possible is a 2; the highest is 150.
The survey result comes from five measured indexes, and four of the five rose while one declined.
The index that gauges whether Floridians think their personal finances have improved from a year ago rose one point to 53. Attitudes about the soundness of the U.S. economy jumped six points to 59. Confidence in the economy’s performance over the next five years also rose three points to 71. Finally, survey takers overall perception that it’s a good time to buy “big ticket” items such as washing machines and laptops went up sharply by seven points to 85.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida
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