Irish budget helps lift consumer sentiment from six-month low - survey
Reuters
Published Oct 31, 2023 00:14
DUBLIN (Reuters) - Irish consumer sentiment improved in October as tax cuts and increased spending in the annual state budget helped ease consumer gloom, a survey showed on Tuesday.
The Credit Union Consumer Sentiment index climbed to 60.4 this month from 58.8 in September, a six-month low. The index stood at 77 in February 2022, before Russia's invasion of Ukraine, and dropped to a 14-year low of 42.1 in September 2022.
"The broad tone of Irish consumer sentiment remains cautious, as cost-of-living concerns remain elevated and nervousness about the outlook for jobs has increased," the Credit Union said in a statement.
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Written By: Reuters
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