Dublin Consumers More Cautious as Confidence Improves Slightly Outside the Capital
- Consumer Sentiment weakened in Dublin while it improved marginally in the rest of Ireland in the 3rd quarter of 2015.
- At current levels of theses indices, consumer sentiment should be seen as still reasonably positive both in Dublin and in the rest of Ireland and the underlying trend remains unevenly upward.
- However, the 3rd quarter reading suggests a measure of caution among consumers-particularly in Dublin, as to how far and how fast a strong Irish economy should be translating into an improvement in their personal circumstances.
- The divergence in sentiment readings between consumers in the capital and elsewhere may reflect differences in the nature, pace and stage of recovery. There may be some negative spill-over effects from a relatively rapid but uneven upswing in Dublin.
- Dublin consumers grew more concerned about jobs and more cautious in their spending plans than their counterparts elsewhere in the past three months.