Consumer confidence falls in June - The Business Journal of the Greater Triad Area:

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The Conference Board’s Consumert Confidence Index droppedto 49.3, compared to 54.8 in May, the most recentg evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unite States, making a declined in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averaged was down 112 points to 8,417 in midday tradinb Tuesday. Consumers are downbeaf when it comes tothe short- and long-term outlook with the The Present Situation Indexs — basically, how do you feel todagy — dropped to 24.8 this from 29.7 in May. And consumerss are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situationb Index declinewas “caused by a less favorable assessment of business conditionas and employment, (and) continues to imply that economic while not as weak as earlier this are nonetheless weak,” director Lynn Franco said in a news releasre Tuesday. Consumer confidence plummetexd toa record-low 25.3 in The economy has strong growth when the indexs reaches 100. The Conference Board contacts 5,000 householdw for the monthly index.