Consumers uncertain on recovery

Consumer uncertainty over the uneven nature of the economic recovery is reflected in a survey that shows a slight drop in optimism compared to July.

Overall, the trend in consumer confidence is still on an upward trajectory this year despite the small drop last month, from a seven-year high of 89.4 in July to 87.1, according to the latest KBC/ESRI Consumer Sentiment survey.

The slight fall is largely down to a pullback in spending plans as summer sales came to an end and back-to-school costs came into view for many families.