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."


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