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Florida’s consumer confidence reaches 15-year high

Staff Writer |
Florida’s consumer sentiment index rocketed to a 15-year high of 99 in March and personal income rose 4.9 percent for Floridians last year, the highest of the 10 largest states.

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Home values also increased 12.5 percent from the previous year.

All five components measured in Florida’s Consumer Sentiment Index rose in December, including personal finance indicators and expectations of future economic growth.

In 2016, Florida’s personal income growth was third highest in the nation with per capital personal income at $45,819.

Additionally, the statewide median sales price for single-family existing homes in February was $225,000, up 12.5 percent from the previous year’s median price of $200,000.

The Florida Consumer Sentiment Index is calculated by the Bureau of Economic and Business Research at the University of Florida and measures five key indicators of consumers’ feelings about the economy.

Indicators include one’s personal financial situation compared to a year ago, personal financial situation expected one year from now, expected national economic conditions over the next year, expected national economic conditions over the next five years and whether it is a good time to buy major household items.

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