Consumer confidence retreats - Triangle Business Journal:

studied-occasion.blogspot.com
Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overall index more than TheConference Board's Consumer Confidencer Index fell by 5.5 points to 49.3 in Statewide, Florida’s consumer confidence index for June fell threee points last month to 68, the result of bad economicd news including the bankruptcy of General Motors foreclosures and a spike in Florida’sz unemployment rate, according to a new University of Floridsa poll.
While Floridians’ perceptions of personalo finances compared with a year ago is up thre points to 44 from a revised May readinyof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economicd conditions over the next year fell seven pointsto 65, whiled perceptions of whether it’s a good time to buy big-tickey items fell nine points to 67. Perceptions of U.S. economi conditions over the next five yearas remained unchangedat 80.
"Moving we do not expect Florid consumer confidence to decline much more over the next couple of barring some unforeseen change here in Floridaqor nationally," Chris director of UF’s Survey Research Center at the Bureau of Economicf and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and uneven for some sectors of the economy. "With the demise of longstandinvg financial institutions such as Lehman Brothersw and manufacturing companies like Chryslerand GM, it is no longer business as usual," he said. The preliminary indez for June was conducted from430 responses.
It is benchmarke d to 1966, so a value of 100 represents the same level of confidence forthat