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Fla. consumer confidence drops again

Consumer Confidence
Posted at 11:45 AM, Sep 24, 2013
and last updated 2013-09-24 07:49:14-04

GAINESVILLE, Fla. (AP) — Consumer confidence in Florida is dropping again.

The monthly University of Florida survey released Tuesday shows the state's consumer confidence was 76 in the month of September. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

The one point decline is yet another drop in the last four months.

Chris McCarty, who directs the survey, says the downturn suggests an ongoing trend and he warned that the state could slide back into recession if the federal government shuts down. He also notes that lower-income households remain pessimistic about their current and personal finances.

McCarty notes that while there has been positive economic news recently a closer look shows that Florida actually lost jobs last month.