NI consumers yet to buy into recovery

A sold sign outside a semi-detached house Belfast So far, 2015 has been a good year for the household finances.  An increasing number of households are receiving pay rises and are enjoying a record low in consumer price inflation, particularly falling food and energy prices.

Furthermore, UK mortgage interest rates hit a record low in June. However, despite this favourable backdrop, it is perhaps somewhat surprising that this has not had a more positive impact on consumer spending.

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