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The Conference Board Consumer Confidence Index improved in July after declines in both May and June. The current index now stands at 121.1, up from 117.3 in June. (June's original index rating was 118.9 but was later revised downward.) Consumers' perception of the current economic situation improved, as did their perception of the short-term outlook. The Conference Board is a global, independent business membership and research association. Its monthly index is based on data compiled from mailed surveys.