Spanish July consumer confidence hits 17-mth-high
Monday, August 3, 2009 @ 3:10 PM
MADRID, Aug 3 (Reuters) - Spanish consumer confidence rose to a 17-month high in July amid improved sentiment about the state of the economy, official data showed on Monday.
The confidence index rose to 76.1 points in July compared to 66.4 points in June, the Official Credit Institute said, much higher than a record low of 46.3 in July last year.
'While figures on the labour market remain negative, signs the deterioration is slowing, together with the government's anti-crisis measures, could explain the recovery in confidence in July,' the Institute said.
Read the rest of the article at Forbes.com