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31/08/2001
Consumer optimism drops to three-year low
A Mori poll published in the Times newspaper has revealed that consumer optimism in the UK dropped to a three-year low in August.
Mori's economic optimism index, which measures how people expect the economy to perform over the next 12 months, has dropped to minus 31, a 16-point fall since the end of July.
According to Mori, the people most worried about the economy are professionals and managers, and people who live in the Midlands and Wales, areas which have been hardest hit by the slowdown in the manufacturing sector.
The poll comes after the Bank of England showed that lending to individuals through mortgages, credit cards and other loans grew by a record £6.1bn in July.
Analysts believe the news is yet another indication that Britain's current economic health, largely dependent on consumer spending, may be on the wane. (MB)
Mori's economic optimism index, which measures how people expect the economy to perform over the next 12 months, has dropped to minus 31, a 16-point fall since the end of July.
According to Mori, the people most worried about the economy are professionals and managers, and people who live in the Midlands and Wales, areas which have been hardest hit by the slowdown in the manufacturing sector.
The poll comes after the Bank of England showed that lending to individuals through mortgages, credit cards and other loans grew by a record £6.1bn in July.
Analysts believe the news is yet another indication that Britain's current economic health, largely dependent on consumer spending, may be on the wane. (MB)
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Armagh 'Woolies' Site Lease Agreed
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Armagh 'Woolies' Site Lease Agreed
Best Property services have confirmed that the site of the former Woolworths, Armagh has been agreed for lease this month to discount retail giant Around a Pound. Woolworth in Armagh was one of 19 stores to close in January when the administrators were brought in amid mounting debts of £385m.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
