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Florida Consumer Sentiment Drops Thanks to Gloomier Long-Term Outlook

Consumer sentiment among Floridians dropped in February, according to the University of Florida's latest consumer survey.

By staff February 28, 2017

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Consumer sentiment among Floridians dropped in February, according to the University of Florida's latest consumer survey. The decline follows three consecutive months of increases, with survey results showing a 3.3-point drop to 94. "The pattern in Florida is similar to consumer sentiment at the national level, which also dropped 2.2 points in February to 96.3 from January’s record 98.5 according to the University of Michigan’s survey of consumers," according to the report's authors. The researchers found a "marked decrease" in consumer sentiment when respondents were asked about future economic conditions. "Expectations of personal finances a year from now showed the greatest decline in this month’s reading, dropping 6.6 points from 106.0 to 99.4," according to the report. "Opinions about the national economy were also negative: Expectations of U.S. economic conditions over the next year decreased 5.2 points, from 96.8 to 91.6. Anticipated U.S. economic conditions over the next five years fell from 95.1 to 89.3, a 5.8-point drop."

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