Florida Consumer Sentiment Holds Steady in July

by | Jul 29, 2025

Advertisement


Florida consumer sentiment edged up in July as stronger spending intentions balanced out concerns over personal finances and the broader economy, according to a University of Florida survey released Monday.

The statewide index registered 83.9 for the month, a slight increase from a revised 83.8 in June. Nationally, sentiment rose 1.1 points.

“Overall, sentiment remained essentially unchanged in July,” said Hector H. Sandoval, director of the university’s Economic Analysis Program. “On the positive side, spending intentions continued to rise among Floridians. However, this month’s reading also points to some underlying concerns, including a slight weakening in views about personal finances and a drop in long-term expectations for the national economy.”

Two of the five components that make up the index increased while three declined. Views on personal finances compared with a year ago slipped from 77.1 to 76.7, while opinions on whether now is a good time to buy major household items climbed 2.2 points to 79.5, the highest level in nearly five years. Expectations for personal finances a year from now dropped to 91.8, long-term outlook for the national economy fell to 85.4, and short-term national expectations rose to 86.

Spending intentions have steadily recovered since a dip in March tied to trade policy uncertainty and are now back to early-year levels. Sandoval said the rebound is encouraging given the role of consumer spending in driving economic growth.

“Spending intentions began rising sharply after the presidential election and continued into the early months of this year,” Sandoval said. “A notable dip in March signaled growing caution, likely driven by trade policy uncertainty. However, since April, spending intentions have steadily rebounded and are now back to levels seen at the start of the year. This recovery is an encouraging sign, as strong consumer spending remains a key driver of economic growth.”

The survey of 452 Floridians was conducted from June 1 to July 24 using cellphone interviews and an online panel, with results weighted to reflect the state’s demographics. The index is benchmarked to 1966, when consumer confidence stood at 100 points.

0 Comments