Tuesday 22 January 2019

Consumer spend falls


HOUSEHOLDS pulled back spending last month in a move that sent an index that measures consumer confidence down slightly.

It is thought that the reduced spending was due to summer sales ending.

The latest figures from the KBC Bank and the Economic and Social Research Institute show the consumer sentiment index falling to 87.1 in August.

This was down from 89.4 in July, which was a seven-year high.

KBC Bank economist Austin Hughes said the figures suggest that the recovery remains uneven.

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