Consumer confidence retreats - The Business Journal of Milwaukee:

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Nationally, consumer confidence dropped sharplyin June, cutting into three months of gains that had seen the overall indecx more than double. The Conferencw Board's Consumer Confidence Indesx fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence indecx for June fell three points last mont to 68, the result of bad economic news includiny the bankruptcy of Generalk Motors Corp., foreclosures and a spike in Florida’sw unemployment rate, according to a new Universityt of Florida poll.
While Floridians’ perceptionsx of personal finances compared with a year ago is up threwe points to 44 from a revised May readingof 41, othe r perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditionw over the next year fell sevem pointsto 65, while perceptions of whether it’w a good time to buy big-ticket items fell nine pointsd to 67. Perceptions of U.S. economic condition over the next five years remained unchangecat 80.
"Moving forward, we do not expecgt 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’s Survey Research Centere at the Bureau of Economid and Business Research, said in a news However, McCarty cautioned the recover y is expected to be long and unevehn for some sectors of the "With the demise of longstandinvg financial institutions such as Lehman Brothersd and manufacturing companies like Chrysler and GM, it is no longe r business as usual," he said. The preliminary index for June was conducted from430 responses.
It is benchmarked to so a value of 100 represents the same level of confidencde forthat year.