Byblos Bank in Beirut. (The Daily Star/Mahmoud Kheir)
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Consumer confidence in the second half of 2017 improved slightly, according to the Byblos Bank/AUB Consumer Confidence Index.The survey noted that public sector employees posted a higher level of confidence than consumers in other occupational categories in the second half of 2017, constituting the first such occurrence in 21 semiannual periods since the index's inception in July 2007 .It added that only 11.1 percent of surveyed Lebanese in the fourth quarter of 2017 expected their financial condition to improve in the coming six months.The report said that consumer sentiment in the third quarter of 2017 was influenced by the Parliament's ratification of the tax law that raised taxes on consumption, income and profits, as well as by the across-the-board increase in the wages and salaries of public sector employees and workers.
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