Consumer confidence in economy hits 3-year high

CONSUMER confidence has reached levels not seen since 2007, with more people feeling they and the country will be better off in the coming year.

The results of the latest Consumer Confidence Monitor show 22% of people surveyed this month believe the country will be better off, compared with just 9% in March and 8% last November.

There is also a growing sense of positivity when it comes to personal finances. In July, more than half of those surveyed said they expected their income in the next year to be higher or the same — a rise from the last figure in March.