GAINESVILLE, Fla. (AP) — Florida's consumer confidence is falling sharply.
The monthly University of Florida survey released Tuesday shows the state's consumer confidence was 71 in the month of October. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.
The October figure is down seven points from the previous month and shows the state's consumer confidence at its lowest level in nearly two years.
Chris McCarty directs the survey and said consumer confidence was already declining but the partial shutdown of the federal government pushed it down further.
McCarty noted that residents 60 or older were among the most pessimistic people who took part in the survey. They expressed concerns about U.S. economic conditions and whether it is a good time to purchase big-ticket items.