Florida Consumer Confidence Dips To 18 Month Low

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TALLAHASSEE (CBSMiami/AP) — Floridians are looking to the future with a skeptical eye.

A University of Florida consumer confidence survey released Friday had a measurement 89, or down a point from May. This is the lowest level it has been since September 2015.

The consumer sentiment is rated on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Researchers said that Floridians, especially those who make less than $50,000, are more pessimistic about their personal finances.

Chris McCarty, director of UF's Bureau of Economic and Business Research, warned that consumer sentiment may continue to decline in the next few months due to the presidential election and the decision this week by Britain to leave the European Union.

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