Consumer confidence dealt a blow in latest B&A research


Rising prices and fears of recession are dragging down consumer confidence according to the latest wave of the B&A consumer confidence barometer.

After a slight increase in May, consumer confidence is down significantly, dropping from -57 in May to -72 in June, under the effect of high inflation and fears of a coming recession.

4 in 5 now think the country’s situation will be worse in the coming year, and less than 1 in 10 think the country’s situation will be better. This is the lowest level of consumer confidence since September 2020.

Again we see a clear difference between those living in Dublin and outside. Women, older generations and lower social classes are also more pessimistic than average.

With rising prices, more than half expect their disposable income to be lower over the next 12 months.

This will likely have a significant negative impact on consumer spending and savings.

Fears of a coming recession are also evident, with the outlook for the value of personal assets declining.

Survey results are based on a sample of 1,019 adults aged 16 and over, quota-controlled for age, gender, socio-economic class and region to reflect the profile of the adult population of the Republic of Ireland. All interviews in this wave were conducted through B&A’s Acumen online barometer.

For more details and the full report or more information, please contact Jimmy Larsen and Pooja Sankhe: [email protected] and [email protected]


Comments are closed.