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University of Florida survey says consumer confidence of Floridians dropped slightly in July

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GAINESVILLE, Florida — Consumer confidence in Florida is dipping slightly.

The monthly University of Florida consumer sentiment survey released Friday fell less than a point from June.

The new survey shows that consumer sentiment was 89 in July. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Floridians' confidence reached a post-recession peak earlier this year. But there's been a drop-off since then.

Chris McCarty, director of the university center that does the survey, said in a statement that people who answered the survey had slightly less trust in the U.S. economy and weren't as enthusiastic about purchasing big-ticket items like cars.

He said another factor is that older Floridians who answered the survey were more pessimistic about their personal finances.


Online: http://www.bebr.ufl.edu/cci

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