Wednesday June 3, 2020

Consumer sentiment softens in July but Brexit not seen as an immediate threat

The fall in the consumer sentiment index was not as large as feared

3rd August, 2016
Consumer sentiment softened in July but not by as much as feared

The KBC Bank Ireland/ESRI consumer sentiment index fell to 99.6 in July from 103.4 in June, a smaller monthly decline than those seen in March or May.

"Brexit has less immediately threatening implications for the average Irish consumer than it does for firms exporting to the UK but the details of the survey point to a clear understanding that Brexit is bad news for the Irish economy and, by extension, for Irish households."

The report showed...

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