Consumer confidence falls in June - Jacksonville Business Journal:

http://www.psinterface.com/audio_player.html
The Conference Board’s Consumer Confidence Index droppedsto 49.3, compared to 54.8 in May, the most recengt evidence that the economyy continues to struggle. Consumer spending accountws forabout two-thirds of the economy in the United States, making a decline in consumere confidence a worry from Main Street to Wall Street. The Dow Jones industrial average was down 112 pointsto 8,417y in midday trading Tuesday. Consumers are downbear when it comes tothe short- and long-term outlook with the The Present Situation Index basically, how do you feel todag — dropped to 24.8 this from 29.7 in May.
And consumer s are glum about the nextsix months, with the Expectationx Index falling to 65.5, from 71.5 in May. The Present Situatiohn Index declinewas “caused by a less favorablee assessment of business conditions and employment, (and) continues to implgy that economic conditions, while not as weak as earlierr this year, are nonetheless weak,” director Lynn Franco said in a news releaswe Tuesday. Consumer confidence plummeted toa record-lowe 25.3 in February. The economy has strong growthy when the indexreaches 100.
The Conference Boarsd contacts 5,000 households for the monthly