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Jun 30, 2009 Conference Board reveals tumble in US consumer certainty by Kay Murchie After a new run of great headlines in a US, a Conference Board has currently suggested a drop in consumer certainty this month. The headlines came as a bit of a startle given a ultimate University of Michigan’s index of consumer view rose from 68.7 in May to 70.8 in Jun – a top turn given Feb 2008 as well as is a fourth uninterrupted climb this year. However, currently a Conference Board pronounced which a index of consumer attitudes fell to 49.3 in June, down from 54.8 a prior month as Americans were spooked by taking flight unemployment. Market forecasts were for a celebration of a mass of 55.0 for June. The headlines sent US batch markets down with a Dow Jones industrial normal down 1.1% (94.24 points) to 8,435.14 in mid-morning trading. Meanwhile, a S&P 500 was down 1%, whilst a Nasdaq mislaid scarcely 0.5%. There have been hopes which a retrogression in a US is bottoming out after a Commerce Department suggested final week which sum made at home product (GDP) fell by an annualised rate of 5.5% in a initial 3 months of 2009

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Conference Board reveals tumble in US consumer confidence