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Gloomy outlook for consumer confidence, says new RedC research

The quarterly Consumer Mood Monitor has found that Irish people are deeply concerned about rocketing prices in all sectors of industry

Colm Finlay, senior research executive at RedC: consumer confidence is at its worst level since the depths of the pandemic. Picture: Fergal Phillips

Consumer confidence is at its worst level since the depths of the pandemic, and there are no obvious signs of when it might pick up, based on new research from RedC.

The quarterly Consumer Mood Monitor has found that Irish people are worried about rising prices in all sectors, with Russia’s invasion of Ukraine playing a significant role in the darkening mood.

Expectations for the economy showed a 77 per cent negative view from the ...