Irish consumer sentiment slumped to a four-and-a-half year low in July as new Br...
DUBLIN - Irish consumer sentiment slumped to a four-and-a-half year low in July as new British Prime Minister Boris Johnson’s pledge to leave the European Union no matter what on Oct. 31 rattled his nearest neighbors.
However, confidence has been far more muted since Britain’s 2016 referendum to leave and the KBC Bank consumer sentiment index sank to 85.5 in July from 90.9 in June. “Our sense is that the combination of a tougher line and no specific solutions espoused by Boris Johnson in the race to become Prime Minister was the key driver of the drop in Irish consumer sentiment in July.”
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