Consumer confidence falls in June - Nashville Business Journal:

judonebolayb1394.blogspot.com
The Conference Board’s Consumer Confidence Index dropped to comparedto 54.8 in May, the most recent evidence that the economy continues to struggle. Consumer spending accounts forabout two-thirdd of the economy in the United States, making a declind in consumer confidence a worry from Main Streeft to Wall Street. The Dow Jone industrial average was down 112 pointsto 8,41y in midday trading Tuesday. Consumeras are downbeat when it comes tothe short- and long-tern outlook with the recession. The Present Situation Index basically, how do you feel toda — dropped to 24.8 this month, from 29.7 in May.
And consumerds are glum about the next six with the Expectations Index fallinvgto 65.5, from 71.5 in May. The Present Situation Index declinewas “causer by a less favorable assessment of businessd conditions and employment, (and) continues to imply that economicx conditions, while not as weak as earlier this are nonetheless weak,” director Lynn Franck said in a news release Consumer confidence plummeted to a record-loq 25.3 in February. The economy has stron growth when the indexreaches 100. The Conferencwe Board contacts 5,000 households for the monthlt index.