Florida's Consumer Confidence Flat For 3rd Month
GAINESVILLE (CBSmiami/AP) — While the economy seems to be doing better, we don't seem to feeling that way.
The monthly University of Florida survey found shows consumer confidence was 82 in the month of July.
The state's consumer confidence level has remained relatively flat over the last three months but it is higher than the U.S. level. It is also the highest level it has reached after the Great Recession.
But Chris McCarty, director of the center that does the survey, warned the state's current confidence level is not a number "associated with strong economic growth."
He added that consumer confidence levels should be about 10 points higher given that the recession ended more than five years ago.
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