For retailers, good news arrived Tuesday in the form of continued strong consumer confidence in Florida and nationwide. Those indicators may lead to solid gains in sales during the holiday season.
Florida’s consumer confidence index , which jumped in October, held on to most of that gain in November, according to the University of Florida.
The index dipped one point to 72 in November.
“This suggests that the big increase in October was not an anomaly, but a return to a higher level of confidence, particularly among Florida’s seniors,” said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research.
He predicts that holiday retail sales will be stronger than last year.
Nationwide, the Conference Board’s index of consumer confidence jumped to the highest point in five months.
That index rose to 54.1 in November, up from 49.9 in October. That was the highest point since June, when the index was at 54.3.