Consumer confidence drop 'worrying', says economist

KBC's latest index shows consumer sentiment was at 86.5 in February - down from 98.8 in January.

Consumer confidence drop 'worrying', says economist

Irish consumer sentiment fell sharply last month with concerns over a 'no deal' Brexit, the nurses' strike and overruns at the National Children's Hospital.

KBC's latest index shows consumer sentiment was at 86.5 in February - down from 98.8 in January.

Chief Economist at the bank, Austin Hughes, says the drop in confidence wasn't surprising - but the scale of the slide was:

"The scale of the drop is a little bit worrying because it suggests consumers are taking an altogether darker view of the outlook of the Irish economy and for jobs," he told Newstalk this morning.

More in this section

Lunchtime News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up