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Overall, Florida’s consumer confidence fell one point, to 71. The indexx component measuring perceptions of personal finances now compared with a year ago fell four to 40, one point abovse its all-time low of 39 in However, Floridians are feeling better aboug the future, with expectations of personal finances a year from now up five pointsd to 90, the highest level since October 2007. "Floridians are saying they don't have the monehy now to buy, but they expect to withij a year," said Chris McCarty, director of UF's Surveyg Research Center at the Bureau of Economic andBusiness Research, in a news release. Of the remainingg index components, perceptions of the U.S.
economy over the next year rose four to 73, while perceptions of U.S. economicv conditions over the next five year s fellfour points, to 78. Perceptions of whether it is a good time tobuy big-tickeg consumer items fell six points, to 72. “Perhapzs consumers also are wondering what happend whenthe government's infusion of stimulus monet runs out, McCarty said. "While they expectg the U.S. economy to improve over the next year, they are beginningb to questionits long-term viability.” McCarty said he expectss a continued decline of confidence in the shorft term. The preliminary index for May was conducteds from408 responses.
The index is benchmarked to 1966, so a value of 100 represents the same level of confidence forthat year.
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