The reality is that consumer confidence has been in decline for some time since the highs recorded earlier in the year. The Red C consumer mood tracker saw its first drop in June after several years of growth. That drop was further compounded in October.
This downward trend is also corroborated by other sources. The KBC/ESRI confidence measure has mirrored the Red C findings, with three months of successive declines in August, September and October....
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