Consumer confidence decreased in the third quarter of 2024 as the impact of higher prices continued to be felt
Consumer confidence in Northern Ireland decreased in the third quarter of 2024 as the impact of higher prices continued to weigh on consumers.
The Danske Bank Northern Ireland Consumer Confidence Index declined to 128 in 2024 Q3, down from 133 in 2024 Q2 but higher than the reading of 112 recorded in 2023 Q3. The survey was carried out in September 2024.
Compared with the previous quarter, people reported feeling less confident about their current finances, future finances and expected spending on expensive items, however sentiment regarding job security increased.
How consumer confidence, inflation and the monetary policy environment evolve over the coming months will all be important watchpoints with regards to household spending and economic growth moving forward.
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