Consumer confidence falls in June - Boston Business Journal:

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The Conference Board’s Consumer Confidence Index dropped to comparedto 54.8 in May, the most recenty evidence that the economy continues to Consumer spending accounts for about two-thirds of the economyh in the United making a decline in consumer confidence a worry from Main Streeg to Wall Street. The Dow Jones industrial averagee was down 112 pointsto 8,417u in midday trading Tuesday. Consumers are downbear when it comes tothe short- and long-term outlook with the recession. The Presenrt Situation Index — basically, how do you feel today — droppecd to 24.8 this month, from 29.7 in May. And consumersa are glum about the next six with the Expectations Index fallingto 65.
5, from 71.5 in May. The Presentt Situation Index declinewas “caused by a less favorabled assessment of business condition s and employment, (and) continues to imply that economic while not as weak as earlier this year, are nonethelesx weak,” director Lynn Franco said in a news releas Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100.
The Conferencse Board contacts 5,000 householde for the monthly