Ireland's Credit Union Consumer Sentiment Index fell to 72.0 in August, driven by energy bill and back-to-school cost concerns.
Consumer sentiment in Ireland dipped in August, with the Credit Union Consumer Sentiment Index falling to 72.0 from 74.9 in July, primarily due to concerns about higher energy bills and back-to-school expenses. The survey suggests that grocery price inflation, rising fuel prices, and upcoming holiday spending may also be impacting consumer sentiment. This marks the first monthly decline since May, indicating a shift in consumer thinking amidst economic uncertainty.
August 29, 2024
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