Consumer confidence falls in June - San Francisco Business Times:

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The Conference Board’s Consumer Confidence Index droppedto 49.3, comparedd with 54.8 in May, the most recengt evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unitedx States, making a decline in consumer confidencwe a worry from Main Street to Wall Consumers are downbeat when it comesz to the 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 consumersx are glum about the nextsix months, with the Expectations Inded falling to 65.5, from 71.5 in May.
The Presenft Situation Index declinewas “caused by a less favorablr assessment of business conditions and employment, (and) continuea to imply that economic while not as weak as earlierf this year, are nonetheless weak,” director Lynn Franclo said in a news release Tuesday. Consumer confidence plummetedr toa record-low 25.3 in February. The economy has strong growtgh when the indexreaches 100. The Conferencde Board contacts 5,000 households for the monthlhy index.