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The Associated Press reports that The Conference Board's monthly assessment of consumer confidence suggests that it is up for as fifth straight month, as businesses reopen and vaccination rates increase.

According to the story, The Conference Board said that "its consumer confidence index increased to 127.3 in June, up from a May reading of 120.0.  The June increase reflected an improvement in consumers' assessment of current conditions.

"Consumer sentiment is expected to keep rising in coming months which will provide more support for consumer spending, which accounts for 70% of economic activity."