Home / Business and Economy / Irish Consumer Mood Dims on Living Costs
Irish Consumer Mood Dims on Living Costs
28 Jul
Summary
- Consumer sentiment in Ireland slightly decreased in July.
- Concerns over the escalating cost of living are paramount.
- The July sentiment reading remains significantly below the average.
Irish consumer sentiment saw a marginal dip in July, with the Credit Union Consumer Sentiment Survey recording a score of 61.6, down from 62.2 in June. This slight decrease underscores persistent concerns regarding the escalating cost of living, which continues to dominate economic considerations for consumers.
The current sentiment level remains substantially below the survey's long-term average of 83.2. However, it is notably higher than the 40-month low of 53.3 observed in April, a period marked by sharp increases in fuel costs.
Surveys indicated that subindices tracking current economic conditions, consumer expectations, and the broader economic outlook all experienced slight declines. This suggests a widespread, albeit modest, weakening of consumer confidence across various economic facets in Ireland during July.
