State & National

UF researchers: Florida consumer confidence drops to 72.7, third straight monthly decline

Florida consumer sentiment fell 1.4 points in May to 72.7, marking the third consecutive monthly decline, according to the University of Florida’s Bureau of Economic and Business Research. Researchers cited accelerating inflation, higher borrowing costs, and eroding household purchasing power as key drivers. Floridians expressed diminished optimism about personal finances and the near-term U.S. economic outlook, though longer-term expectations held relatively steady.

Sources: UF News