Florida Consumer Confidence Makes Gains in November

After three months of consecutive declines, consumer sentiment among Floridians rose to 96.7 in November, according to economists at the University of Florida.

Officials said consumer confidence was up 1.9 points from October’s revised figure of 94.8.

Among the five components that make up the index, four increased and one decreased in November.

Perceptions of one’s personal financial situation now compared with a year ago rose, but opinions as to whether now is a good time to buy a big-ticket household item like an appliance dropped.

Officials say readings varied across demographic groups without a clear pattern. 

Economic indicators in Florida have remained largely positive, and officials say the prospects for 2018 appear good. 

The study was conducted by U-F researchers from November 1 through November 20.

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