There was a marginal fall in consumer sentiment for a third month running in April, the latest consumer sentiment index from the Credit Union has found.
It follows on from four months of gains in sentiment in the latter part of 2023 and into January of this year as inflation abated and talk of interest rate cuts gathered momentum.
The report author, economist Austin Hughes, said the modest slippage in sentiment captured in the recent sentiment monitors suggested that things were not getting better as fast or as forcefully as many consumers had expected. "It suggests that Irish consumers are not quite as negative now as they were previously. That said, the current reading at 67.8 is significantly below the long-term average of 84.6 for the consumer sentiment survey, implying consumer confidence is quite subdued at present," the report noted.
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