Consumers optimistic about personal finance and economy

SAN FRANCISCO - JUNE 19: A salesman carries a Best Buy shopping basket as he takes inventory of DVD movies at a Best Buy store June 19, 2007 in San Francisco, California. Consumer electronics retailer Best Buy reported an 18 percent drop in first quarter to $192 million or 39 cents per share, down from $234 million or 47 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)


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.

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