McClatchy DC Logo

Florida economy, confidence rise | McClatchy Washington Bureau

×
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

Economy

Florida economy, confidence rise

Monica Hatcher - Miami Herald

    ORDER REPRINT →

September 30, 2009 03:46 PM

Two key economic markers in Florida -- consumer confidence and a much-watched home price index -- showed a second consecutive month of improvement, offering further evidence the recession is easing, though a long recovery likely awaits.

The S&P/Case-Shiller home price index showed South Florida home prices posted their second, though modest, monthly gain of 1.3 percent in July, as strong sales and shrinking inventory helped to firm up prices. The index, however, was still down from a year ago, by 21 percent.

Nationally, consumer confidence dipped by 1.4 percent to 53.1 in September, according to The Conference Board, a New York-based business research group. That not a good sign for retailers whose hopes are pegged to robust holiday spending.

Bucking the national trend, however, new figures from the University of Florida show consumer confidence rose three points in September to 74, following a revised increase of four points in August. The two-month trend indicates more than a margin of error as previous blips in the index may have suggested.

SIGN UP

``This is real,'' said Chris McCarty, survey director of UF's Bureau of Economic and Business. ``Consumers have been hearing the recession is over, or the worst of it, and this is a reflection of that,'' he said.

Read the complete story at miamiherald.com

  Comments  

Videos

Nervous about hackers? Here’s what to do after a data breach

Pence: U.S. has ‘put China on notice’

View More Video

Trending Stories

Mitch McConnell pitches Kentucky’s Kelly Craft as Trump’s UN ambassador

February 21, 2019 11:50 AM

Fatalities from police chases climbing, could be higher than records indicate

February 21, 2019 12:00 AM

Vice President Mike Pence will go to Colombia to demand Maduro step down

February 21, 2019 10:07 AM

Gov. Matt Bevin dismisses his low poll numbers, welcomes Trump’s help

February 22, 2019 11:06 AM

‘Wide open race’ and open wallets in Kansas after Pompeo rules out 2020 Senate run

February 21, 2019 05:00 PM

Read Next

‘Most mergers do not create jobs.’ Sprint, T-Mobile tell Congress theirs is different

Technology

‘Most mergers do not create jobs.’ Sprint, T-Mobile tell Congress theirs is different

By Bryan Lowry

    ORDER REPRINT →

February 13, 2019 02:52 PM

Executives from Sprint and T-Mobile Wednesday sought to persuade skeptical congressional Democrats that a potential merger won’t eliminate thousands of jobs or raise prices on consumers.

KEEP READING

MORE ECONOMY

Latin America

U.S. yanks bank assets from Venezuela, lays ground for battle over Citgo

January 29, 2019 03:29 PM

White House

Big biz: Trump’s fight for one campaign promise hurts another they care about more

January 22, 2019 05:00 AM
Are Muslim-owned accounts being singled out by big banks ?

Policy

Are Muslim-owned accounts being singled out by big banks ?

December 17, 2018 07:00 AM
The lights are back on, but after $3.2B will Puerto Rico’s grid survive another storm?

National

The lights are back on, but after $3.2B will Puerto Rico’s grid survive another storm?

September 20, 2018 07:00 AM
Title-pawn shops ‘keep poor people poor.’ Who’s protecting Georgians from debt traps?

Investigations

Title-pawn shops ‘keep poor people poor.’ Who’s protecting Georgians from debt traps?

September 20, 2018 12:05 PM

Agriculture

Citrus disease could kill California industry if Congress slows research, growers warn

September 11, 2018 03:01 AM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service


Back to Story