Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Irish consumer sentiment drops to six-month low, survey shows

by Uma
0 comment

Irish consumer sentiment drops to six-month low, survey shows

DUBLIN (Reuters) – Irish consumer sentiment slumped to a six-month low in September, a survey showed on Friday, pointing to an increase in interest rates and higher fuel costs as the likely reasons.

The Credit Union Consumer Sentiment index fell to 58.8 in September from 62.2 in August. The index stood at 77 in February 2022, before Russia’s invasion of Ukraine, and dropped to a 14-year low of 42.1 last September.

“The mood of Irish consumers darkened notably in September,” the Credit Union said in a statement. “It appears that a weaker trend is now becoming established.”

The survey showed an improvement in how consumers perceive the outlook for employment. But only one in 20 of consumers surveyed said they expected their personal finances to improve in the coming 12 months.


(Writing by Conor Humphries; Editing by Paul Simao)