ORLANDO, Fla. – Consumer confidence among Floridians dropped sharply last month.
The Florida Consumer Sentiment Index dropped 6.7 points to 93.3 in August, the biggest drop in more than four years.
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The monthly index was released last week by the University of Florida.
The components making up the index -- current personal financial situation and expectations of future economic conditions -- all declined.
The decline in respondents' personal financial situation was particularly acute in people over age 60, women and those making under $50,000 a year.
The index is benchmarked to 1966, which means a value of 100 represents the same level of confidence for that year. The lowest possible score is 2 and the highest is 150.
The survey was based on the responses of 403 individuals who were reached on cellphone.