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Florida Consumer Confidence Plunges In October

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(Credit: Thinkstock)

(Credit: Thinkstock)

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GAINESVILLE (CBSMiami/AP) – Florida’s consumer confidence is falling sharply, according to a recent survey.

The monthly University of Florida survey released Tuesday shows the state’s consumer confidence was down seven points from the previous month and shows the state’s consumer confidence at its lowest level in nearly two years.

Chris McCarty directs the survey and said consumer confidence was already declining but the partial shutdown of the federal government pushed it down further.

McCarty noted that residents 60 or older were among the most pessimistic people who took part in the survey. They expressed concerns about U.S. economic conditions and whether it is a good time to purchase big-ticket items.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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