Business

Florida consumer sentiment drops for second straight month, hits 74.6 in April

A University of Florida index measuring Florida consumer confidence fell 3.5 points in April to 74.6, mirroring an identical decline in national sentiment. UF researchers attributed the drop to rising gasoline prices and renewed inflation tied to a global energy shock, compounded by Florida’s unemployment rate climbing above the national average for the first time since 2020. Household finances are under increasing pressure even as the broader labor market has remained relatively stable, according to the report.

Sources: UF News