Confidence levels fell in 2020 Q3 as coronavirus, Brexit and the performance of the economy weighed on consumers
Consumer confidence in Northern Ireland decreased in the third quarter of 2020 as the coronavirus pandemic, Brexit and the performance of the economy all took a toll on local people.
The Danske Bank Northern Ireland Consumer Confidence Index decreased to 119 in 2020 Q3, down from 122 in the second quarter of the year and well below the reading of 131 posted in the third quarter of 2019.
The survey was carried out during September, before the four-week period of more stringent coronavirus restrictions was announced.
Compared with the second quarter of the year people felt less confident about their current and future financial positions and the amount they expect to spend on expensive items, though expectations around job security were marginally higher. When compared with the same quarter of last year, confidence was lower in all four areas.