UF survey: Consumer confidence up in Florida listen12/24/08 SeÃ¡n Kinane
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In Florida, the economic news is not all bad, according to a new University of Florida survey on consumer confidence.
Chris McCarty is survey director of UFâ€™s Survey Research Center. â€œConsumer confidence in Florida is up from November â€¦ Thatâ€™s still a low number historically speaking, but it is certainly better than it was last month.â€
Sixty-seven points is not a percentage, but an index, McCarty said. The monthly Florida Consumer Attitude Survey is indexed to a 1966 baseline of 100.
McCarty said Floridians are feeling more confident now for four out of five categories in the survey.
People should be â€œcautious,â€ McCarty said, in interpreting the results of the survey to mean that the outlook for Floridaâ€™s retailers and government will improve quickly.
â€œOnce the first quarter of 2009 is over, weâ€™ll probably have a better idea.â€
McCarty said that lower income people and seniors are the most pessimistic of their personal finances, while upper-income Floridians are the most optimistic. He predicts that the economy in Florida will not turn around until at least the second quarter of 2009.