CONFIDENCE DIPS IN JUNE

NEW YORK (FNS) -- Higher prices at the gas pump may have cost consumers some of their confidence in the economy, as well as some of their hard-earned cash.The Conference Board's Consumer Confidence Index declined six points in June to 138.8, after rising sharply in May when it hit 144.7. The Present Situation Index dipped to 180.2 in June from 183.6, while the Expectations Index posted a sharper drop

NEW YORK (FNS) -- Higher prices at the gas pump may have cost consumers some of their confidence in the economy, as well as some of their hard-earned cash.

The Conference Board's Consumer Confidence Index declined six points in June to 138.8, after rising sharply in May when it hit 144.7. The Present Situation Index dipped to 180.2 in June from 183.6, while the Expectations Index posted a sharper drop to 111.2 from 118.7.

Lynn Franco, director of the Conference Board's consume

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