Florida consumer confidence measure falls four points in June

by Jeff Ostrowski

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Gas prices are down, the job market is improving, housing has stabilized ? and yet consumer confidence among Floridians fell in June.

The University of Florida says today that its consumer confidence index dropped four points this month to 74. The measure jumped to 78 in May.

With the stock market in turmoil, federal budget cuts looming and Europe?s crisis dominating headlines, falling gas prices haven?t been enough to buoy consumer sentiment, said Chris McCarty, director of UF?s survey.

?Gas prices have continued to fall through June, but the optimism associated with that fall may have slowed,? McCarty said.

Declining personal wealth hasn?t helped, McCarty said. He pointed to a Federal Reserve analysis in early June showing that, as of 2010, household wealth had fallen back to levels of the 1990s.

Tags: bnblogs, Chris McCarty, consumer confidence

This entry was posted on Tuesday, June 26th, 2012 at 10:53 am and is filed under Florida economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Tim Burke, Executive Editor, The Palm Beach Post.

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