Consumer confidence in Northern Ireland has been hit hard by soaring costs and worries over the strength of the wider economy.
That was the message from Danske Bank’s latest Northern Ireland Consumer Confidence Index which fell sharply in the third quarter of the year, representing waning confidence in current and future finances, job security, and a fall in expected spending on expensive items.
The rising cost of living is the main cause for concern, while global risks including the war in Ukraine and the impact of Brexit on the Northern Ireland economy are also denting the consumer mood.
