Floridians may be turning sour on the Sunshine State’s economic rebound.
A University of Florida survey designed to track consumer confidence in the state took a surprising notch downward this month, losing three points after four months of gains. The retreat comes amid generally positive news for Florida: unemployment has been dropping this year while real estate values are on the rebound.
“We were surprised by this sudden decline,’’ said Chris McCarty, who runs the survey for UF. “The drop in confidence seems to be driven by pessimism among younger respondents with lower incomes.”
The drop could just be a blip that will wash out in the coming months. The index hit 78 in July, down from 81 in June. Despite the three-point dip, the index continues to show a steady improvement in attitudes toward the economy. A three-month average of the index remains at its highest point since September 2007.