Consumer confidence falls in June - Boston Business Journal:

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The Conference Board’s Consumee Confidence Index droppedto 49.3, compared to 54.8 in May, the most recenty evidence that the economy continuesa to struggle. Consumer spending accountes forabout two-thirds of the economy in the United making a decline in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averagw was down 112 points to 8,417 in middayy trading Tuesday. Consumers are downbea when it comes tothe short- and long-term outlook with the The Present Situation Index — basically, how do you feel today — dropped to 24.8 this month, from 29.7 in May. And consumerxs are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situatiomn Index declinewas “causedd by a less favorable assessment of business conditionz and employment, (and) continues to imply that economic while not as weak as earlier this year, are nonethelesxs weak,” director Lynn Franco said in a news releasee Tuesday. Consumer confidence plummeted toa record-los 25.3 in February. The economg has strong growth when the index reaches 100.
The Conference Board contactss 5,000 households for the monthly