Florida Consumer Confidence Down Slightly, But Still High

posted by Alan McBride - 

Floridians' consumer confidence declined slightly in February to 99.4, according to economists at the University of Florida.

But they say the index is still high, and the dip was from near record highs in January. 

Among the five components that make up the index, economists say one increased and four decreased.

Economists from the university say indexes that reflect opinions regarding current economic conditions were down in February, as were two out of the three components representing projections of future economic conditions.

The only component that increased was expectations of U.S. economic conditions over the next five years, according to economists.

U-F economists noted that people over age 60 and those with income levels of less than $50,000 held more positive opinions.

Although February experienced a decline in consumer sentiment, confidence has been high since 2017.

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