UF: Consumer sentiment among Floridians continues upward trend

UF: Consumer sentiment among Floridians continues upward trend

UF: Consumer sentiment among Floridians continues upward trend

Floridians’ consumer sentiment rose more than a point from last month to 94.7 in February, the seventh straight month of increase, according to a new University of Florida survey.

“Economic optimism among Floridians continues to advance as many of the fundamentals show improvement,” said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research.

The main driver was positive views of personal finances now compared with a year ago, which rose 7.6 points to 85.1, the highest level since June 2006 when the Florida housing market was at its peak. Among Floridians under age 60, it jumped from 84.2 in January to 92.5 this month, while those age 60 or older ticked up only from 64.1 to 64.7.

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