ECONOMY

Fresh dip in consumer confidence

Consumer confidence reached a historic low in Greece last month, dropping to -76.8 points from -75 points in June, according to the monthly survey conducted by the Institute for Economic and Industrial Research (IOBE).

Consumers remain particularly pessimistic about the country?s emergence from the crisis, as their insecurity about their jobs grows and their income declines.

They are by far the most pessimistic in Europe, far ahead of the Portuguese, the Romanians and the Bulgarians.

There is a slight improvement in the financial climate index, climbing to 870.9 points in July from 70 points in June, as the business world appears more optimistic than consumers.