October consumer spending down slightly as 'choppy trend' continues this year

Consumer spending was down slightly in October continuing the 'choppy' trend this year.

Overall 2017 has seen a steady increase in spending rather than a surge.

Last month's gloomy results are being attributed to the Budget, which offered little in the form of give-aways.

Chief Economist with KBC Bank Austin Hughes says the economy is experiencing an ongoing but uneven upswing.

He said: "I think we will see spending pick up because there are more people in work and more people in the economy spending."

More in this Section

Tyndall Institute to collaborate with Limerick-based manufacturer Arralis

Merkel suggests rethink of EU competition policy

UCC student assembles top CEOs for business leaders summit

Number of EU workers in the UK falls while non-EU figure hits record level


5 of the best wellbeing podcasts to give you a boost

Ask a counsellor: ‘Will I ever get over being raped as a teenager?’

8 things gardeners can do to help alleviate the insect crisis

All the backstage tips for getting the edgy hairstyle from Richard Quinn’s catwalk

More From The Irish Examiner