Consumer confidence among Floridians came in at 74 in December, the same as the revised November reading. Overall confidence had a post-recession peak in September and October at 80 and is down six points for the second month. Among the five components that make up the index, three increased and two decreased. Perceptions of personal finances now compared to a year ago rose three points to 61 while perceptions of personal finances a year from now fell two points to 75. Expectations of the U.S. economy over the next year fell six points to 73 while expectations of the U.S. economy over the next five years rose a point to 78. Perceptions as to whether it is a good time to buy big ticket items rose six points to 84. The Consumer Confidence Index provides a score ranging from 2 to 150 using 1966 as the base reference point. The index was 100 in 1966.
Source: University of Florida’s Bureau of Economic and Business Research