By Associated Press - Sunday, July 31, 2016

GAINESVILLE, Fla. (AP) - Consumer confidence in Florida is rebounding after a three-month slide.

The monthly University of Florida consumer sentiment released Friday measured confidence at 93.7, which is four points higher than it was June. This is the second highest level that consumer confidence has reached in the last year.

The consumer sentiment is rated on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Researchers said that Floridians opinions about economic conditions have improved including their views on whether now is a good time to buy a big-ticket item like a car or appliance.

Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research, said these perceptions have been aided by the ongoing economic recovery in the state.



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