Florida's consumer confidence dips slightly

GAINESVILLE, Fla. — Florida's consumer confidence is dipping slightly.

The monthly University of Florida survey released Tuesday shows the state's consumer confidence declined to 78 in the month of May. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Chris McCarty, director of the UF center that does the survey, said the rating has remained largely in the same five-point range now since the end of the Great Recession in 2009.

McCarty said like other economic indicators "consumer sentiment seems to be stuck in a relatively narrow range" and that the index is "neither trending down or up."

He also added that there "are no signs of breaking out into a solid trajectory of growth compared to previous economic recoveries."

WFTV