Consumer confidence at lowest level in four years

Irish consumers are getting more anxious about household finances because of interest rate hikes and house price slips.

Irish consumers are getting more anxious about household finances because of interest rate hikes and house price slips.

In their latest consumer sentiment report, the ESRI and IIB Bank say consumer confidence is at its lowest since October 2003.

The key factor over the past three months has been increased concerns about the outlook for employment and job security.

Dermot Jewell - Chief Executive of the Consumers' Association talks of consumer confidence and what has lead to its decline.

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