Consumer confidence falls in June - Los Angeles Business from bizjournals:

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The Conference Board’s Consumer Confidence Index droppe dto 49.3, compared to 54.8 in May, the most recenf evidence that the economuy continues to struggle. Consumer spending accounts forabouyt two-thirds of the economy in the United States, makinb a decline in consumer confidence a worryg from Main Street to Wall The Dow Jones industrial average was down 112 pointe to 8,417 in midday trading Tuesday. Consumers are downbeat when it comes tothe short- and long-term outlook with the recession. The Present Situatiobn Index — basically, how do you feel today droppedto 24.8 this month, from 29.7 in May.
And consumers are glum aboutf the next six with the Expectations Index fallinhgto 65.5, from 71.5 in May. The Present Situatiobn Index declinewas “causeed by a less favorable assessment of business conditions and (and) continues to imply that economif conditions, while not as weak as earliere this year, are nonetheless weak,” director Lynn Franco said in a news releases Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100. The Conference Boardr contacts 5,000 households for the monthly index.