Florida consumer confidence holding steady in August

3:16 PM, Aug 29, 2012   |    comments
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TALLAHASSEE, Fla. (AP) - Floridians remain reasonably optimistic about the economy despite possible setbacks that are looming.

The University of Florida's monthly survey on Tuesday showed consumer confidence remained unchanged at 77 in August after increasing by four points in July. That's on a two-to-150 scale with 100 equaling consumer confidence in the benchmark year of 1966.

The university contacted 432 Floridians Aug. 12-23. The July figure originally had been announced as 76 but was revised upward by one point.

Chris McCarty, director of the university's Survey Research Center, said Floridians either are unaware of two upcoming events that could set back the nation's economy or assume Congress will fix them.

One is the expiration of tax cuts passed during the administration of former President George W. Bush. The other is automatic spending cuts.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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