Consumer confidence falls to lowest level in four years
Consumer confidence has fallen to its lowest level in almost four years, according to the latest assessment by the ESRI and IIB Bank.
The two organisations say fears about a weakening property market and a broader economic slowdown have pushed their Consumer Sentiment Index down from 83.2 in June to 74.7 in July.
Almost two-thirds of consumers expect unemployment to increase in the coming year.
Just over half have a negative outlook for the economy in general, with only 14% holding a positive view.
