Uncertainty about the World Economy Drives Down Consumer Confidence & Spend

Published by: Jimmy Larsen

2018.07.12

The latest RED C Consumer Mood Monitor from June 2018 shows a significant decline in consumer outlook for the Irish Economy. 2 in 5 expect the economy to improve in the next 6 months, with 1 in 4 expecting the economy to fare worse.

 

The decline in consumer outlook is driven by concerns about the World Economy due to Brexit and a possible trade war between the EU and USA. More than 2 in 5 expect the World Economy to fare worse in the next 6 months.

 

The lower consumer confidence has a negative impact on spend intentions in the next 6 months, especially for entertainment/socialising and consumer goods.

 

Download the full report on the latest RED C Consumer Mood Monitor here:

RED C Consumer Mood Monitor – June 2018

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