On February 28, the Conference Board’s Consumer Confidence Index, which had decreased in January, announced an increase of 9.3 points in February. The Index now stands at 70.8 (1985=100), up from 61.5 in January. The Present Situation Index increased to 45.0 from 38.8. The Expectations Index rose to 88.0 from 76.7 in January.According to Gallup's Economic Confidence Rating, confidence has been improving steadily over the past five months and is continuing that monthly trend during February. The stable nature of confidence in recent weeks suggests that surging gas prices have yet to dramatically affect Americans' perceptions of the national economy.
The proportion of consumers expecting business conditions to improve over the next six months increased to 18.7 percent from 16.7 percent, while those anticipating business conditions will worsen decreased to 11.8 percent from 14.6 percent. The PURTEE Team, with Realty Executives, keeps you informed about the emerging real estate market along the beaches of Tampa Bay and how to best navigate the buying or selling process. Contact Us Today: info@floridagulfproperty.com
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