Further decline in consumer confidence from August to September.
This wave of the B&A Consumer Confidence Barometer was conducted from the 7th-18th of September 2023.
With an increase in inflation, consumer confidence sees a further drop this month from -35 in August to -42 in September.
Confidence remains at a very low level, with more than half (56%) anticipating the country to be worse off a year from now. Just 14% believe the country will fare better in the coming year.
Consumer outlook is particularly low among the middle-aged life stages, blue collar workers and outside Dublin.
Yet, the majority of consumers remain resilient, with more than 3 in 5 (62%) “coping” with the cost-of-living crisis.
While income outlook remains steady, spend intention is down, with more than half (52%) expecting to spend less in the coming year. Spend intention is significantly lower outside Dublin.
With further increases in property prices, outlook for value of personal assets remains steady and net positive.