Wednesday June 3, 2020

Brexit anxiety blamed for bleak consumer outlook

KBC Bank consumer sentiment index falls to lowest level in six years

Ian Guider

Markets Editor

@ianguider
6th November, 2019
"Spending hasn't stopped but it is notably slower than it might otherwise be, said Austin Hughes of KBC." Picture: Sam Boal/Rollingnews.ie

Brexit is continuing to weigh heavily on the Irish economy, with consumer sentiment slumping to a six-year low in October.

The latest survey of households by KBC Bank shows fears of a disorderly Brexit has hit the mood of the country, with consumers fearful of the economy taking a battering. The mood of consumers was also hit by a lack of tax cuts in last month’s budget.

The bank’s consumer sentiment index stood...

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