Consumer confidence held steady in Florida this month.
The latest reading from the University of Florida’s monthly survey showed stability after last month’s significant drop. The August reading of 77 is about where the index was in March, so the brief climb to 81 over the summer has been washed away.
Even so, confidence is generally higher than it was in recent years. In August 2011, the UF index hit 61.
In announcing the latest results, UF researchers pointed to lower gas prices, modest inflation and a rebounding housing market as helping the mood of consumers, while national developments, including another debt-ceiling fight in Washington, could weigh it down.