Irish Consumer Confidence Hits Four-Year Low

Irish consumer confidence fell to its lowest level for almost four years, according to a new survey.

The consumer sentiment index, compiled by the IIB Bank and ESRI, fell to 72.0 in August from 74.7 in July - the lowest level since October 2003.

Fears over job security was cited as being the main reason for the drop, while other reasons included interest rates, house prices and weakness in the global stock market.


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