No wall of money to be thrown at Christmas economy: KBC Bank Ireland chief economist

Survey indicates no huge Christmas spending splurge by Irish consumers, as confidence in the economy slides.

Irish consumer confidence slid in November as a surge in Covid cases raise fears that people will cutback their Christmas shopping splurge.

The confidence of Irish consumers slid in November as Covid cases surged, suggesting there will be no huge spending splurge for shops this Christmas, a major survey reveals. 

The latest KBC Bank Ireland results show that consumer confidence fell in recent weeks even before speculation that the spike in Covid cases could lead to further health restrictions, its author, chief economist Austin Hughes said.