(Carl Cronan is editor of RealEstateFlorida.)
GAINESVILLE, FL-The University of Florida's monthly ConsumerConfidence Index has fallen to the lowest point in its 25-yearhistory, hitting 57 in June. That's even below the index of 63posted in May, which broke the previous record of 64 from December1991.
"These are by far the worst readings we have ever seen," saysChris McCarty, director of the Survey Research Center at the UFBureau of Economic and Business Research. "There is no other way tointerpret these numbers other than to say that Florida consumersare hurting. Based on these results, I would have to predictconsumer spending in Florida to pull back dramatically in thecoming months."
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