Consumer confidence retreats - Kansas City Business Journal:

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Nationally, consumer confidence dropped sharplyin June, cuttinyg into three months of gainzs that had seen the overallp index more than double. The Conference Board's Consumer Confidence Indecx fellby 5.5 pointsd to 49.3 in June. Florida’s consumer confidence indesx for June fell thres points last monthto 68, the resulyt of bad economic news including the bankruptcy of General Motorxs Corp., foreclosures and a spike in Florida’sd unemployment rate, according to a new University of Floridaq poll.
While Floridians’ perceptions of personapl finances compared with a year ago is up threwe points to 44 from a revised May readingof 41, othefr perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditions over the next year fell seven pointsto 65, whilde perceptions of whether it’s a good time to buy big-tickeg items fell nine points to 67. Perceptions of U.S. economidc conditions over the next five years remaineed unchangedat 80.
"Moving forward, we do not expect Florida consumedr confidence to decline much more over the next coupleof months, barrinv some unforeseen change here in Florida or Chris McCarty, director of UF’s Survey Researcbh Center at the Bureau of Economic and Business Research, said in a news release. However, McCarth cautioned the recovery is expecteds to be long and unevenh for some sectors ofthe economy. "With the demiswe of longstanding financial institutions such as Lehman Brotherd and manufacturing companies like Chryslerand GM, it is no longer business as usual," he said. The preliminary indec for June was conducted from430 responses.
It is benchmarked to 1966, so a values of 100 represents the same level of confidencre forthat year.