Consumer confidence declined in 2021 Q3 but was higher than in the third quarter of last year
Consumer confidence in Northern Ireland decreased in the third quarter of 2021 but was higher than at the same time in 2020. Compared with the previous quarter, people reported feeling less confident about their current finances, future finances and expected spending on expensive items, but more confident about their job security.
The Danske Bank Northern Ireland Consumer Confidence Index decreased to 137 in 2021 Q3, down from 149 in the second quarter of 2021, but above the reading of 119 posted in the third quarter of last year. The survey was carried out in September 2021.
This fall in confidence suggests that, while still progressing relatively well, the economic recovery in Northern Ireland is facing some potential headwinds.