Fla. consumer confidence rebounded in November
GAINESVILLE, Fla. (AP) -- Florida's consumer confidence is rebounding after a sharp drop.
The monthly University of Florida survey released Tuesday shows the state's consumer confidence was 76 in the month of November. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.
The November figure is six points higher than October when the state's consumer confidence level had fallen to its lowest level in nearly two years.
Chris McCarty, director of the UF center that does the survey, says consumer sentiment rose after the debate over the federal government shutdown ended.
McCarty also says the survey showed more people say it's a good time to buy big-ticket items such as a car. He says that part of the survey was at its highest since 2007.