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Tue 08 Aug 2008Consumer sentiment lifts for first time in seven months
CONSUMER SENTIMENT rose modestly this month, as consumers responded positively to summer sales and were less concerned about rising interest rates and oil prices, though the outlook for the economy remains gloomy.
The consumer sentiment index compiled by IIB Bank and the Economic and Social and Research Institute (ESRI) increased for the first time in seven months to 43.4 in August from 39.6 in July – the lowest level since the survey began in 1996.
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