Further increase in consumer confidence in November but confidence remains at a very low level.

This wave of the B&A Consumer Confidence Barometer was conducted from the 18^th-29^th of November 2022.

Consumer confidence is up further this month, from -72 in October to -67 in November.

But confidence remains very low, with 3 in 4 (74%) believing Ireland will be worse off in the year ahead. Just 8% feel Ireland will be better off in the next 12 months.

Consumer confidence is lowest among females and those aged 35-54 years. However, consumer confidence is up notably among those living in Connaught/Ulster.

Despite the improvement in consumer confidence, income and spend expectations remain largely unchanged and at a very low level.

More than 3 in 5 (63%) expect to spend less in the coming 12 months, and 52% expect a lower disposable income in the year ahead.

More than 1 in 5 (22%) are having difficulties coping with the cost of living crisis, with 3 in 5 feeling they are coping.

The outlook for the value of personal assets shows a slight decline.

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For more details and the full report or more information, please contact Jimmy Larsen and Pooja Sankhe: jimmy@banda.ie and pooja@banda.ie