August Consumer Confidence is Up Slightly

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August Consumer Confidence is up slightly.

The monthly index rose less than a point.

Consumer sentiment among Floridians rose less than a point in August to 91.2, according to a new University of Florida study.

Of the five components that make up the index, two rose and three declined.

Perceptions of personal finances now compared with a year ago fell 2.5 points to 83.4, while expectations of personal finances a year from now declined by half a point to 101.3.

The unemployment rate for July was 5.4 percent, down two-tenths of a percentage point from June. While the median price of a single-family home in Florida fell by $3,600 to $199,900, the volume of sales remains strong.

However, the survey director says that the full impact of the recent stock market drop may not be showing in the data. Until Wall Street’s wild ride, economic indicators for Florida were relatively positive.

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  • Posted 8 years ago

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