04 May Fla.’s Consumers Are More Optimistic About the Future
Overall sentiments among Floridians remain 19.3 points below pre-pandemic, but month-to-month consumers’ attitudes rose 1.7 points as the state slowly bounces back.
GAINESVILLE, Fla. – Among Florida consumers, optimism appears to be slowly gaining ground.
According to the University of Florida’s monthly consumer sentiment survey, state residents’ attitudes ticked up 1.7 points in April to 83 from March’s revised figure of 81.3. A similar national survey found consumer sentiment increased 3.4 points.
“Consumer sentiment dropped at an unprecedented rate in the second quarter of 2020, when it tumbled 26 points between February and April,” says Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research. “One year since, consumer confidence remains 19.3 points below pre-pandemic levels, indicating that confidence has recovered at a slow pace.”
Among the five components that make up the index, three increased, one decreased and one remained unchanged.