Irish consumers not seeing a boom

Irish consumers not seeing a boom

Irish consumers are not seeing a boom and they are nervous about what lies ahead for the economy.

The latest KBC - Bank of Ireland - ESRI survey shows consumers are spending less since Christmas.

Spokesperson Austin Hughes says this is driven by disappointing household finances and concerns about the future.

"I think it reflects the fact that while people are still positive about the economy, they sense employment is picking up, there is a strong sense that there are worries about the recovery continuing - because of Brexit, because of maybe changes in the US.

"There is also an even stronger sense that consumers feel they haven't benefited from the upturn," he said.

More in this Section

Tech firm Horizon8 picks Cork as Europe HQTech firm Horizon8 picks Cork as Europe HQ

Abbey eyes more Irish work as profits fallAbbey eyes more Irish work as profits fall

Providence shares see bounce on Tony O’Reilly exitProvidence shares see bounce on Tony O’Reilly exit

Legislation to test self-driving cars on Irish roads approvedLegislation to test self-driving cars on Irish roads approved


Lifestyle

This Christmas remember that there is no such thing as cheap food.Buy local: Use your LOAF

As we wait, eager and giddy, a collective shudder of agitated ardor ripples through the theatre, like a Late, Late Toyshow audience when they KNOW Ryan’s going to give them another €150 voucher. Suddenly, a voice booms from the stage. Everyone erupts, whooping and cheering. And that was just for the safety announcement.Everyman's outstanding Jack and the Beanstalk ticks all panto boxes

Every band needs a Bez. In fact, there’s a case to be made that every workplace in the country could do with the Happy Mondays’ vibes man. Somebody to jump up with a pair of maracas and shake up the energy when things begin to flag.Happy Mondays create cheery Tuesday in Cork gig

More From The Irish Examiner