Mobile phones and accessories are displayed at a shop in Beirut. (The Daily Star/Mahmoud Kheir)
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Demand for consumer goods in general continued to decline in the second half of 2017 despite the positive political atmosphere in Lebanon, according to the Beirut Traders Association-Fransabank Retail Index.The report underlined the need to find effective solutions that would stimulate the retail market, which was badly battered by the economic slowdown.For example, it noted that gross revenues generated from the sales of cellphones declined by 44.87 percent, construction material by 28.95 percent, shoes and leather products by 27.65 percent, used-car dealers by 8.71 percent, clothing reaching an 8.25 percent decline after an 11.30 percent drop in the previous quarter, supermarkets and food shops by 5.69 percent after a slight decline by 5.25 percent in the previous quarter, and household electrical equipment by 4.85 percent.
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