Florida Consumer Confidence Declining

Tuesday, May 27, 2014  |  Updated 8:19 PM EDT
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Florida Consumer Confidence Declining

AP

Florida's consumer confidence is dipping slightly.

The monthly University of Florida survey released Tuesday shows the state's consumer confidence declined to 78 in the month of May. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Chris McCarty, director of the UF center that does the survey, said the rating has remained largely in the same five-point range now since the end of the Great Recession in 2009.

McCarty said like other economic indicators "consumer sentiment seems to be stuck in a relatively narrow range" and that the index is "neither trending down or up."

He also added that there "are no signs of breaking out into a solid trajectory of growth compared to previous economic recoveries."

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