Consumer confidence falls amid continued political impasse
Consumer confidence in Northern Ireland fell again in the third quarter of 2017 as political uncertainty and the lack of an Executive continued to take its toll on the outlook of local people.
The Danske Bank Northern Ireland Consumer Confidence Index decreased from the reading of 139 taken in July 2017 to 135 in the third quarter of 2017.
- Consumer confidence in Northern Ireland fell by four points in 2017 Q3 compared with July 2017
- Over the year, consumer confidence dropped by two points
- Households’ feelings about how their current financial position compares to last year and expectations of how their financial position will change over the next twelve months fell by three points and two points respectively compared with July 2017
- The component of the index that examines job security experienced a fall of five points compared with July 2017 and one point compared with the third quarter of 2016
- Consumers’ expectations of how much they will spend on high value items in the next year dropped by seven points compared with July 2017 and one point compared with the same period last year