A worker fills up a car at a gas station in Beirut, Wednesday, Feb. 18, 2015. (The Daily Star/Khalil Hassan)
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Lebanese consumer confidence remained low in the second quarter of 2016 as more citizens felt that negative political and economic events have affected the purchasing mood of many people, according to a survey released Thursday.Nassib Ghobril, chief economist and head of the Group Economic Research and Analysis Department at Byblos Bank, told The Daily Star that consumer confidence peaked in 2009, a year which showed that many of the Lebanese who were surveyed at that time had positive consumer confidence.Furthermore, the Byblos Bank/AUB Present Situation Index averaged 34.2 in the second quarter of 2016 and grew by 4.1 percent from the preceding quarter, while the Byblos Bank/AUB Expectations Index averaged 37.4 and declined by 1.4 percent from the first quarter of 2016 .
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