Jeff Ostrowski
Alexandra Clough
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Florida consumer confidence jumps in December
From today’s University of Florida’s monthly consumer confidence report:
Consumer confidence among Floridians rose five points to 67 in December, reflecting optimism about new presidential leadership in January despite unprecedented pessimism about personal finances.
“Consumers are looking forward to a shift in the economy toward something better in 2009,” said Chris McCarty, director of UF’s Survey Research Center at the Bureau of Economic and Business Research. “As with the past month, consumers are confident that the new administration will resolve the economic crisis and that much of the intervention so far will work.”
Four of the five components that make up consumer confidence increased. Perceptions of whether this is a good time to buy big-ticket consumer items rose nine points to 71; perceptions of U.S. economic conditions over the next year rose seven points to 62; perceptions of personal finances a year from now rose six points to 87; and perceptions of U.S. economic conditions over the next five years rose five points to 78.
However, the one component of the index to drop — perceptions of personal finance now compared with a year ago — dropped one point to a new record low of 39, McCarty said.
“Floridians are reporting the worst financial situation for themselves since we started the index in the mid-1980s,” he said.
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Comments
By Chuck
December 24, 2008 11:51 AM | Link to this
Pass a state income tax so that the year round citizens can get something from the snowbirds bedides their static.This will help lower the taxes and insurance and hely the state recover.
By Get in the Game
December 25, 2008 9:17 AM | Link to this
‘Consumers are looking forward to a shift in the economy toward something better in 2009’
What? Are you kidding me?
CONSUMPTION IS THE REWARD FOR SAVINGS…
Households, consumers, and individuals should NEVER forget this.
Consumers need to assess their balance sheets and pay off their debt.
‘Pay off their debt’ - this means house debt, credit card debt, auto debt, and education debt.
As always, love the optimism in the face of hard evidence to the contrary!
GDP looks great, consumers are debt free…
Hey, let’s get those consumers to consume things they DON’T need!
By Mr. Consumer Confidence
December 26, 2008 11:08 AM | Link to this
Confindence? Oh yeah! Our once great country is on the verge of revolt. Watch what happens when unemployment SKYROCKETS in 2009. You will be able to own just about any piece of property you want if you have the right tools, and I’m not talking credit score haha! 1 in 4 homes will be in foreclosure, squatters will be the new “flippers”. Face it folks, our government sold us out for the last 20 years and our middle class is paying the price.
By Patrick Stewart
December 26, 2008 5:48 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:49 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Patrick Stewart
December 26, 2008 5:50 PM | Link to this
Please post my comment.
Thank you.
By Ross Perot was correct
December 28, 2008 6:00 PM | Link to this
Thanks to NAFTA and all those who chose to let someone else do the thinking for them, we no longer have a manufacturing base. How will we get out of this one?