Consumer confidence plummets
Consumer confidence among Floridians fell in September to 78, down eleven points from August. This is the lowest level of consumer confidence in Florida since February, 2003.
"The effects of Hurricane Katrina combined with the already rising energy prices has taken its toll on consumers in Florida," said Chris McCarty, the Survey Director.
With the lack of viable public transportation alternatives state-wide, Florida is certainly impacted by rising energy costs. Hopefully, rising fuel prices won't deter the winter snowbirds from making their annual migration to the Sunshine State.
Florida Consumer Confidence Index [University of Florida]