Author, No (2018) Consumer Sentiment Index, September 2018. UNSPECIFIED.
Abstract
The Consumer Sentiment Index (Chart 1) fell in September to 96.4 index points, decreasing by 6 points from the previous month. Relative to the same period last year, the index has declined further by nearly 10 index points. This loss of confidence was broad-based as reflected by declines in both current conditions and consumer expectations. While labour market expectations remain slightly positive among respondents, tensions, particularly with respect to personal financial situations, experienced major downward revisions. Deflating optimism with respect to the prospect of avoiding a no-deal Brexit scenario is likely contributing towards weakened confidence.
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