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Florida consumer confidence dips

Florida's consumer confidence dipped slightly in February as the effect of higher payroll taxes hit workers, University of Florida researchers said Tuesday.

The monthly survey showed a one-point drop to a score of 74, better than the worst recessionary level but still shy of a score signifying a healthy economy.

Chris McCarty, director of UF's Survey Research Center in the Bureau of Economic and Business Research, predicted consumer outlook will grow even gloomier in the next survey if Congress and President Obama can't avoid huge federal spending cuts.

The index is benchmarked to 1966, which means a score of 100 reflects the level of consumer satisfaction that year.

Florida consumer confidence dips 02/26/13 [Last modified: Tuesday, February 26, 2013 1:36pm]
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