Consumer’s feelings about Florida’s economy mixed to end 2020

Published: Jan. 6, 2021 at 3:50 AM EST
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GAINESVILLE, Fla. (WCJB) - The University of Florida’s monthly assessment of how people feel about their finances rose slightly Tuesday.

Of the five survey components that make up the consumer sentiment index, three went up.

They included opinions as to whether now is a good time to buy a major household item, expectations of personal finances a year from now and expectations of U.S. economic conditions over the next five years.

The categories that fell were views of personal financial situations compared with a year ago and concern over U.S. economic conditions over the next year.

The difference between the February 2020 record high consumer price index and December 2020 is a record large gap of 20.1 points.

According to Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research, it took four years to regain the 20 points lost during the Great Recession.

You can read the full report here.

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