Consumer confidence falls in June - Atlanta Business Chronicle:

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The Conference Board’s Consumer Confidence Index droppedsto 49.3, compared to 54.8 in May, the most recent evidence that the economy continuese to struggle. Consumer spending accounts forabouf two-thirds of the economy in the United States, makingf a decline in consumer confidence a worry from Main Streert to Wall Street. The Dow Jones industrial average was down 112 pointeto 8,417 in midday trading Consumers are downbeat when it comes to the short and long-term outlook with the The Present Situation Index basically, how do you feel todayu — dropped to 24.8 this from 29.7 in May. And consumers are glum abouyt the nextsix months, with the Expectationws Index falling to 65.
5, from 71.5 in May. The Present Situatioj Index declinewas “caused by a less favorablwe assessment of business conditions and employment, (and) continuees to imply that economic while not as weak as earlier this year, are nonetheless weak,” director Lynn Franco said in a news releasew Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growt h when the index reaches 100. The Conference Boarc contacts 5,000 households for the monthlyy index.