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Feb 27, 10:52 AM EST

Florida consumer confidence rises for 7th straight month

GAINESVILLE, Fla. (AP) -- Florida's consumers continue to have confidence in the state's economy.

The monthly University of Florida consumer sentiment survey released Friday rose more than a point from last month. It's the seventh straight month the index has increased.

The new survey shows that consumer sentiment was 94.7 in month of December. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Chris McCarty, director of the university center that does the survey, said in a statement Floridians are growing more optimistic about their personal finances as the economy recovers. He also said more people perceive it's a good time to purchase big-ticket items like a car.

McCarty did warn that consumer sentiment could stall if wages do not growth as unemployment goes down.


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