Consumer Sentiment Index, October 2016

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November 8, 2016
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  • Monthly fall not dramatic but sufficient to push sentiment index to 20 month low
  • Poorer assessment of household finances the main driver
  • Run-up to Budget may have prompted a re-assessment of limited gains in living standards
  • Economic ‘recovery’ not delivering expected progress and now seems subject to downside risks
  • Increasing concerns evident in Irish sentiment survey echo tone of comparable US indicators in run-up to presidential election
  • Level of sentiment index still relatively positive but October changes emphasise that the economic glass is increasingly seen as half empty