With inflation easing slightly, consumer confidence is up, although still very low.
This wave of the B&A Consumer Confidence Barometer was conducted from the 16th – 26th of October 2022.
Consumer confidence is up from -79 in September to -72 for October.
But confidence remains at a very low level, with 4 in 5 (79%) anticipating that the country will be worse off in the coming year. Just 7% believe that the country will improve in the year ahead.
All demographic groups see an improvement in consumer confidence this month, with females, those aged 35+ and those living outside Dublin being more pessimistic.
With inflation remaining high, half expect their disposable income to be lower in the coming year. This is likely to have a negative impact on spend, with 3 in 5 expecting to reduce the spend in the year ahead.
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