Fuel bills and housing costs push consumer confidence to lowest level in over a year

Fuel bills and housing costs push consumer confidence to lowest level in over a year

Consumer confidence has dropped in June, due mainly to more global uncertainty and pressures on household spending.

The latest KBC/ESRI Consumer Sentiment Index shows it has fallen to its weakest level in 13 months.

However, it does not suggest the average Irish consumer has gone through any dramatic worsening in their economic circumstances.

Chief Economist Austin Hughes says higher fuel bills and housing costs are factors.

Mr Hughes said: "On top of concerns about trade disputes globally and the general prospects for the global economy, consumers have actually noticed that it is costing them a little bit more to live.

"We have higher fuel bills over the last while as petrol prices have gone up, and of course there is pressure on housing costs, whether it's buying a new house or renting."

More in this Section

Sajid Javid issues post-Brexit warning to business leadersSajid Javid issues post-Brexit warning to business leaders

Markets jump despite fresh US-China concernsMarkets jump despite fresh US-China concerns

Alexa privacy fears prompt action from EU data chiefAlexa privacy fears prompt action from EU data chief

Wicklow County Council puts brakes on Seán FitzPatrick's Greystones house-build planWicklow County Council puts brakes on Seán FitzPatrick's Greystones house-build plan


Lifestyle

Flexibility naturally declines with age but there’s a lot you can to stay supple through the decades, says Peta Bee.At full stretch: How to stay flexible through the years

WHEN I think about the kind of child I was, I would say that I was the exact same kind of person that I am as an adult. I have always been fascinated by things that I don’t quite yet understand. I recognise that I hardly understand anything and that most of the world is and always has been so beautifully complex to me.School Daze: Chris Hadfield - I realised at a young age that teachers were fallible

Charlize Theron is unrecognisable as Fox News star Megyn Kelly in ‘Bombshell’, a film that looks at the sexual harassment scandal at the network. She talks to Laura Harding about Me Too and the complexity of the film.Charlize Theron on Bombshell: ‘For the first time we are realising women can be part of the problem'

More From The Irish Examiner