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

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/

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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