Uncertainty about the World Economy Drives Down Consumer Confidence & Spend
Published by: Jimmy Larsen2018.07.12
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: