Consumer confidence increased in 2021 Q1 as the coronavirus vaccine programme continued to be rolled out
Consumer confidence in Northern Ireland increased in the first quarter of 2021, supported by the rollout of the coronavirus vaccine programme. Local people reported feeling more confident about their current finances, future finances, job security and expected spending on expensive items.
The Danske Bank Northern Ireland Consumer Confidence Index increased to 137 in 2021 Q1, up from 124 in the fourth quarter of 2020, and above the reading of 119 posted in the first quarter of last year. The survey was carried out in March 2021.
This rise in confidence is expected to support household spending as the coronavirus restrictions are gradually eased.
