Consumer Confidence, Spending, GDP

Consumer Confidence Index in Florida soars this month

Posted on Thursday, January 27, 2011

Consumer confidence among Floridians soared in January, according to a University of Florida survey.

The increase to 77 points from 70 in December is the largest since the index rose seven points from March to April 2010, and the score of 77 is the highest since the April 2010 mark of 78.

“The size of this increase in confidence among Floridians was not expected,” said Chris McCarty, director of UF’s Survey Research Center. “Confidence among Floridians had been mired in the low 70s for the past few months, consistent with other economic indicators that characterize the Florida economy.”

The five components that make up the index registered gains with the largest increase coming in the perceptions of U.S. economic conditions over the next year category, which climbed 12 points to 78. Confidence in that category had been in the 60s for eight months.

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