Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index.

The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory. That means the index predicts Florida’s economy will continue growing for at least six months.

A recent report runs counter to predictions that the country is heading for a second recession. Despite better than expected economic growth in the spring, economists still see Europe’s debt crisis, strained government finances and weak confidence from consumers and businesses as threatening the recovery.

Despite a slowdown during the summer, the Fed’s analysis of Florida’s leading economic indicators suggests the Sunshine State will avoid a recession, at least through the start of 2012.

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Posted by Randy Harden - www.RERandy.com on 10/20/2011 11:03 PM   Comments (2)   Florida Market in the ActiveRain Channel   florida real estate update  
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2 Comments on No Florida recession, Fed index says

OCT
20
2011
861,517 Points 174 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

considering the size of the Florida economy and how important the real estate recovery is down there, I'd say this is great news.
11:06pm • #1
565,769 Points 2 Featured Posts Outside Blog Called Shot Master

In St Lucie COunty FL, we concur.

Inventory absorbion now under 7 months.

Foreclosures 1/3 less inventory than start of year.

Median prices rose 10% this quarter.

And new construction starts best month in 5 years.

Let's hear from those investors once again.
11:07pm • #2


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Randy Harden - www.RERandy.com

Pompano Beach, FL

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