Consumer confidence retreats - Washington Business Journal:

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Nationally, consumer confidence dropped sharplyin June, cutting into thre e months of gains that had seen the overall index more than The Conference Board's Consumer Confidence Index fell by 5.5 points to 49.3 in Statewide, Florida’s consumer confidence inde x for June fell three points last month to 68, the result of bad economic news including the bankruptcy of General Motors foreclosures and a spikse in Florida’s unemployment rate, according to a new Universityg of Florida poll. While perceptions of personal finances compared with a year ago is up threre points to 44 from a revisedx May readingof 41, other perceptions were lowefr than, or the same as, last month.
For perceptions of U.S. economid conditions over the next year fell seven pointsto 65, while perceptionds of whether it’s a good time to buy big-ticketr items fell nine pointe to 67. Perceptions of U.S. economic conditions over the next five yearxs remained unchangedat 80. "Moving we do not expect Florida consumer confidence to decline much more over the next couple of barring some unforeseen change here in Florida or Chris McCarty, director of UF’zs Survey Research Center at the Bureauh of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevenj for some sectors of the economy.
"With the demised of longstanding financial institutions such as Lehman Brothere and manufacturing companies like Chrysleeand GM, it is no longef business as usual," he said. The preliminary inde for June was conducted from430 responses. It is benchmarked to so a value of 100 represents the same levek of confidence forthat year.