Consumer confidence in Florida reaches 10 year high

Author: Associated Press

GAINESVILLE, Fla. (AP) – Consumer confidence among Floridians is at its highest level in ten years.

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

The new survey shows that consumer sentiment was 96.8 in month of March. That’s on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Chris McCarty, director of the university center that does the survey, said in a statement that Floridians are very optimistic about the future. McCarty said many Floridians have a better opinion about their own personal finances and the overall United States economy.

He said the survey “reflects a Florida consumer who is really feeling a recovery.”

McCarty said one concern is that wages are remaining “persistently stagnant.”

Copyright ©2024 Fort Myers Broadcasting. All rights reserved.

This material may not be published, broadcast, rewritten, or redistributed without prior written consent.