Consumer sentiment in Florida rose for a second consecutive month in June, with residents reporting improved views of their personal finances despite ongoing concerns over trade policy and inflation.

The University of Florida’s Bureau of Economic and Business Research on Tuesday reported a 3.1-point gain in its Florida Consumer Sentiment Index, bringing the measure to 84.1, up from a revised 81.0 in May.

The report showed increases across all five components of the index, with the largest jump coming from assessments of personal finances compared to a year ago, which rose 5.6 points to 77.6. Views on whether now is a good time to make major household purchases also strengthened, increasing 3.7 points to 77.6. Those gains were broadly shared across demographic groups, though people under 60 reported more cautious spending intentions.

Expectations for future economic conditions also improved. Anticipated personal finances one year from now rose to 92.7, up 2 points from May. Outlooks for national economic conditions over the next year climbed 2.9 points to 83.7, and expectations over the next five years rose 1.4 points to 88.9. Households earning under $50,000 a year continued to express more negative views on all three forward-looking measures.

The latest uptick in sentiment comes as Florida’s labor market remains stable and unemployment holds at historically low levels. Inflation has stayed modest but remains slightly above the Federal Reserve’s 2 percent target, prompting the Fed to hold interest rates steady for a fourth consecutive meeting last month. National data showed a pullback in consumer spending in May, which economists say could signal that persistent policy uncertainty is beginning to impact household behavior.

The June survey was conducted between May 1 and June 26 and included responses from 480 Floridians. The results are weighted by age, sex and county of residence to reflect the state’s population. The consumer sentiment index is benchmarked to 1966, with a value of 100 representing that year’s level of confidence.

Hector Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research, said the steady improvement in Floridians’ perceptions of their financial standing has been building since the presidential election last fall. Still, he warned that confidence remains below January highs and could be vulnerable to volatility in trade negotiations and geopolitical tensions.

“Looking ahead, even though consumers are feeling somewhat more optimistic and turmoil in the Middle East has not yet impacted sentiment, overall confidence remains below the levels seen at the start of the year. It will be important to continue monitoring sentiment in the months ahead to better understand how persistent inflation, trade tensions, and global instability may shape consumer expectations and behavior,” Sandoval said.