With a slight easing in inflation, consumer confidence sees a further, slight improvement in December.
This wave of the B&A Consumer Confidence Barometer was conducted from the 9th-20th of December 2022.
With inflation easing somehow since October, consumer confidence sees a further slight increase from -67 in November to -65 in December.
However, confidence remains at a very low level, with 3 in 4 (74%) believing Ireland will be worse off in the coming year, and just 1 in 10 feeling Ireland will be better off.
A two-tier economy is very evident, with the improvement in confidence coming solely from Leinster (including Dublin), and consumer confidence being particularly low in Connaught/Ulster.
Furthermore, both women and those in lower social classes are more pessimistic regarding the year ahead.
Income and spend expectations for the year ahead have also improved, though almost half (47%) expect a decline in disposable income in the year ahead, and 55% expect to spend less.
1 in 5 find it difficult to cope with the rising prices, while 3 in 5 are coping.
The outlook for personal assets also sees an improvement in December.
DOWNLOAD AND READ THE FULL REPORT
For more details and the full report or more information, please contact Jimmy Larsen and Pooja Sankhe: jimmy@banda.ie and pooja@banda.ie
