Consumers optimistic about personal finance and economy – Money Perception

Floridians have a sunnier outlook about their personal finances and future economic conditions after two months of pessimism, a University of Florida study says. The Florida Consumer Sentiment Index rose to 96.4 in June, 2.1 points higher than May’s index.

Consumers were slightly less confident about economic conditions for the coming year — the index dropped from 93.6 to 91.8 from last month — but sentiment about the next five years increased by less than one point to 91.6 for the same period. Most improved over the past year was consumers’ feelings about their personal financial situation, up to 91.9 from last year’s 85.5.

The survey is benchmarked to 1966, meaning an index mark of 100 represents confidence levels that year.

“Overall, Floridians appear to be more optimistic,” Hector Sandoval, director of UF’s Economic Analysis Program. “Most of the increase is due to the positive perceptions of consumers’ current and future personal finance situation.”

[Source”timesofindia”]