Floridians

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Overall, Florida’s consumer confidence fell one pointrto 71. The index component measuring perceptionxs of personal finances now compared with a year ago fell four pointasto 40, one point above its all-time low of 39 in However, Floridians are feeling better about the futured as expectations of personall finances a year from now is up five pointsw to 90, the highest level since October 2007. "Floridianzs are saying they don't have the monehy now to buy but they expect to withinja year," said Chris director of UF's Survey Research Center at the Bureau of Economic and Business Research, in a media Of the remaining index components, perceptions of the U.S.
economyt over the next year rose four pointsx to 73 while perceptionsof U.S. economic condition s over the next five yearss fell four pointsto 78. Perceptions of whether it' s a good time to buy big-ticket consumer items fell six pointxto 72. “Perhaps consumers also are wonderin g what happens whenthe government's infusio of stimulus money runs out, McCarty said. "Whilwe they expect the U.S. economy to improve over the next they are beginning to questionits long-terj viability.” McCarty said he expects a continuedc decline of confidence in the shorty term.
The preliminary index for May was conducted from 408 The index is benchmarked to 1966 so a valu of 100 represents the same levek of confidence forthat year.