News

Southwest Florida Economic Outlook

Tuesday, May 16, 2023

In April 2023, U.S. Consumer Sentiment rebounded by 1.5 points from the previous month to 63.5. Meanwhile, Florida consumer sentiment increased for the third consecutive month in March 2023, rising by 2.0 points from the previous month to 69.7. These figures ran contrary to the nationwide consumer sentiment reported for March (which slipped by 5.0 points), suggesting that despite concerns about the banking sector and rising interest rates, Florida consumers remained optimistic.