Confidence fell four points to 66, passing a previous 16-year low recorded earlier this year in January and March.
"Consumer confidence in Florida is now at the same recessionary levels as it was during the 1990-91 recession," said Chris McCarty, director of UF's Survey Research Center. "Unlike the relatively mild recession of 2001, the recession of 1990-91 resulted in a longer time to recover. This is a likely scenario for the current economy."
Four of the index's five components fell in April with the biggest decline being the nine-point drop to 79 in perceptions of personal finances a year from now. The only component that rose was the perception about whether it is a good time to buy a big-ticket item, which climbed three points to 67.
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