- Associated Press - Friday, June 24, 2016

GAINESVILLE, Fla. (AP) - Consumer confidence in Florida is dipping to some of its lowest levels in the last 18 months.

The monthly University of Florida consumer sentiment released Friday measured confidence at 89, or down a point from May. This is the lowest level it has been since September 2015.

The consumer sentiment is rated on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Researchers said that Floridians, especially those who make less than $50,000, are more pessimistic about their personal finances.

Chris McCarty, director of UF’s Bureau of Economic and Business Research, warned that consumer sentiment may continue to decline in the next few months due to the presidential election and the decision this week by Britain to leave the European Union.

___

Online: https://www.bebr.ufl.edu/csi-data


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide