ECONOMIC TIME MACHINE

Fla. consumers nervous, but have felt worse

 

Consumer anxiety rises as the summer approaches, repeating a familiar pattern. Cheerfulness was spreading in early 2011, until gloom took control.

dhanks@MiamiHerald.com

American consumers feel gloomier as economic anxiety grows (despite today’s stock-market spike). Florida also seems to be losing its nerve.

The chart below tracks a three-month average of the University of Florida’s index on consumer confidence. Obviously, Floridians feel much better than they did during the recession. But there’s clearly a downward shift — just like there was in early 2011, when another promising recovery seemed to stall.

The Miami Herald’s Economic Time Machine tracks 60 local indicators in an effort to chart South Florida’s recovery from the Great Recession. By comparing current conditions to where they were before the downturn, the ETM attempts to measure how far back the recession set the economy. The answer so far: June 2003. Visit ETM headquarters at miamiherald.com/economic-time-machine for the latest updates.

Read more The Economic Time Machine stories from the Miami Herald

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