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Florida consumer confidence remains steady, number not associated with strong growth

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GAINESVILLE, Florida — Florida's consumer confidence is holding steady.

The monthly University of Florida survey released Tuesday shows consumer confidence was 82 in the month of July. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

The state's consumer confidence level has remained relatively flat over the last three months but it is higher than the U.S. level. It is also the highest level it has reached after the Great Recession.

But Chris McCarty, director of the center that does the survey, warned the state's current confidence level is not a number "associated with strong economic growth."

He added that consumer confidence levels should be about 10 points higher given that the recession ended more than five years ago.

Online: http://www.bebr.ufl.edu/cci

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