Despite an easing in inflation, consumer confidence is down from July to August and remains at a relatively low level.
This wave of the B&A Consumer Confidence Barometer was conducted from the 5th-16th of August 2023.
With an easing of inflation in 2023, consumer confidence followed a positive trend over the first few months of 2023 but has stabilised over the past 3 months and saw a decline from July to August.
More than half (54%) expect the country to be worse off in the year ahead, with just 19% believing that Ireland will improve.
Confidence is particularly low among females, the middle age population, blue collars (C2DE), and those living outside Dublin.
Income outlook and spend intention remains unchanged from July to August, with 2 in 5 anticipating a lower disposable income a year from now, there is also a decrease in the income outlook in the upcoming year, with more than 2 in 5 (42%) anticipating a decline in income over the coming year and half (51%) expecting to spend less in the coming year.
Saving intention is also down, while outlook for value of personal assets remains net positive.
Dubliners continue to be more positive than the rest of the country in terms of consumer confidence, income outlook and spend intention.