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Fla. consumer confidence hits post-recession high

GAINESVILLE, Fla. – June 25, 2014 – Consumer sentiment among Floridians rose to a post-recession high in June, climbing four points to 82, according to a new University of Florida (UF) survey.

“Because the confidence level has been wavering between the upper 70s and low 80s for more than a year, we did not expect this jump,” says Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research, since the state had a recent slowdown in housing starts and a rise in unemployment.

The state news follows a report yesterday that national consumer confidence rose 3 points in June.

All five components comprising the Florida index increased. Survey takers’ assessment of whether they’re financially better off now than a year ago rose four points to 75, its highest level since the end of the Great Recession. Their expectations of improved personal finances one year from now increased five points to 81.

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