Consumer confidence stuck under water

By JPOST.COM STAFF
December 10, 2012 14:41

 
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Israel's consumer confidence index stayed stubbornly in negative territory in November, coming it at -26, according to figures by the Central Bureau of Statistics released Monday.

The index, however, still represented an improvement over the previous three months, in which confidence was stuck in the negative 30s. 

The index, which runs from a scale of -100 to 100, is based on a survey that measures consumers' attitudes toward the economy, and tends to be an indicator of economic health. The index has not breached into positive territory since before 2011.

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