Consumer Sentiment Index, October 2016
November 8, 2016
- 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