Consumer spend seen dropping 2% in 2012

Consumer spending is likely to drop by two per cent this year as savings increase and more people try to reduce personal debt, according to the latest research from the UCD Smurfit School and the Marketing Institute of Ireland.

14th August, 2012

Consumer spending is likely to drop by two per cent this year as savings increase and more people try to reduce personal debt, according to the latest research from the UCD Smurfit School and the Marketing Institute of Ireland.

The Consumer Market Monitor for the second quarter showed a 2.1 per cent drop in consumer spend in the first six months of 2012 and a rise in the personal savings ratio.

Consumer borrowing fell 19 per cent...

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