Saturday March 28, 2020

Consumer sentiment weakens in February from January high

A new survey shows a decline in confidence in the outlook for household finances

8th March, 2016
Consumer sentiment weakened modestly in February Pic: Getty

The KBC Bank Ireland/ESRI consumer sentiment index declined to 105.8 in February from 108.6 in January, when it posted its strongest reading in 15 years.

However, the survey's authors said they did not regard the decline last month as "particularly surprising or alarming".

"It is often the case that the sentiment index weakens in February as the arrival of post-Christmas bills prompt a scaling back of spending intentions. Moreover, at a time of significant uncertainty worldwide, it...

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