The Conference Board Consumer Confidence Index, which had declined in May, declined even further in June and now stands at 50.4 (1985=100), down from a revised 58.1 in May, the Conference Board reported (via MarketingCharts).

That's the fifth-lowest ever, as the Expectations Index declined from 47.3 in May to 41.0 - a record low. The Present Situation Index also decreased, to 64.5 from 74.2.

"Perhaps the silver lining to this otherwise dismal report is that Consumer Confidence may be nearing a bottom," said Lynn Franco, Director of The Conference Board Consumer Research Center.

Consumers' assessment of present conditions were dim in June: Those claiming business conditions are "bad" increased to 32.5 percent from 29.7 percent, while those claiming business conditions are "good" declined to 11.5 percent from 13.0 percent last month.

(MarketingCharts has more, here.)