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Bureau of Economic and Business Research

Florida consumer sentiment rebounds upward in June

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Consumer sentiment among Floridians rose 2.1 points in June to 96.4, changing course after two months of decline. Among the five components that make up the index, four increased and one decreased. Survey respondents’ perceptions of their personal financial situation now compared with a year ago showed the greatest increase, up 6.4 points from 85.5 to 91.9. “Importantly, all Floridians share these perceptions, independent of their age, gender or income,” said Hector Sandoval, director of the Economic Analysis Program at…

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Report: Wages for Florida workers was flat for a decade

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Wages paid to Florida workers remained stagnant for the last decade, says a new report from researchers. The Bureau of Economic and Business Research at the University of Florida this week released a 10-year overview that said average wages remained relatively flat between 2005 and 2015. The report says after wages were adjusted for inflation the average wage hovered around $45,000 a year. It actually declined right after the start of the Great Recession, rebounded slightly but then fell again.…

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Florida consumer sentiment in March hits pre-recession level

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Consumer sentiment among Floridians rose last month to the highest level in 15 years, according to the latest University of Florida consumer survey. The reading of 99 in March was the highest since March 2002 and the second-highest since November 2000. The 5.2-point increase in March followed a dip in February, which ended the month with a revised reading of 93.8. All five of the components that make up the index increased. Perception of one’s personal financial situation now compared…

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Florida consumer sentiment in February drops from record high

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After three months of positive gains, consumer sentiment among Floridians fell 3.3 points in February to 94.0, according to the latest University of Florida consumer survey. The pattern in Florida is similar to consumer sentiment at the national level, which also dropped 2.2 points in February to 96.3 from January’s record 98.5 according to the University of Michigan’s survey of consumers. “While readings about current economic conditions increased slightly, expectations for the future decreased sharply among Floridians in February,” said…

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Florida consumer sentiment continues upward climb

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Consumer sentiment among Floridians in January ticked up another one-half point to 97.8 — the highest reading since March 2002 — from December’s record-breaking revised figure of 97.3, according to the latest University of Florida consumer survey. Florida’s upward trend also tracks the national figures released last week by the University of Michigan, with the national consumer sentiment index at the highest level since February 2004. Of the five components that make up the Florida index, three increased and two…

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Florida consumer sentiment drops in August, continues downward trend

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Consumer sentiment among Floridians plummeted 4.8 points in August to 88.2, according to the latest University of Florida consumer survey. This is the lowest reading in the last year, and all five components that make up the index declined. Perceptions of one’s personal financial situation now compared with a year ago dropped most sharply, down 10.5 points from 86.7 to 76.2. Expectations of personal finances a year from now fell by 7.8 points to 98.6. Opinions as to whether now…

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Florida consumer sentiment up in July, reversing a three-month slide

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Consumer sentiment among Floridians increased in July to 93.7, according to the latest University of Florida consumer survey. This reading is four points higher than June’s revised figure of 89.7, turning upward after three straight months of declines and marking the second-highest reading over the past year. Of the five components that make up the index, four increased and one decreased. Perception of one’s personal financial situation now compared with a year ago increased three points, from 83.5 to 86.5.…

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