Yesterday’s KBC Ireland/ESRI Consumer Sentiment Index
Robert Shortt, of RTÉ’s Prime Time, writes:
Buried beneath the blizzard of boominess, the monthly KBC Bank Ireland/ESRI Consumer Sentiment Index for October produced a peculiar result.
It found ‘a surprising and substantial decline in October’ in consumer confidence [from 92.8 in September to 85.5 in October]. In fact, so surprising and substantial, that the authors of the Index speculate that it could be down to ‘a statistical blip’.
Of course, it could be the now familiar gap in perception between what people hear about the economy and what they feel (or don’t feel) in their pockets. Or maybe it’s the onset of winter. Or maybe it’s something in the water.