Consumer Confidence In Florida Sliding Downward Again
Follow CBSMIAMI.COM: Facebook | Twitter
GAINESVILLE (AP) — Consumer confidence in Florida is sliding to its lowest level in a year.
The monthly University of Florida consumer sentiment released Friday measured confidence at 88.2, which is nearly five points lower than it was in July.
The consumer sentiment is rated on a scale of 2 to 150 benchmarked to 1966 at a value of 100.
Researchers said that Floridians are becoming more pessimistic about their personal financial situations and whether it is a good time to buy a big-ticket item like a car or an appliance.
Hector H. Sandoval, director of the Economic Analysis Program at UF's Bureau of Economic and Business Research, said despite positive economic signals that consumer sentiment among Floridians "seems to remain gloomy."
(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
