Summary
CONSUMER confidence has dropped again to a record low, spurred by a combination of rising interest rates, falling house prices and the prospect of painful Government cutbacks.
The latest IIB Bank/ESRI monthly Consumer Sentiment Index reveals that confidence dropped in July for the sixth month in a row to its lowest point since the index began in 1996.See the full content of this document
Extract
Confidence at New Low As Households Continue to Suffer
Last month's rating, at 39.6, compares sharply to the 106.2 rating at the beginning of 2006, and 74.7 in July last year.
IIB's chief economi...See the full content of this document
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