Irish Consumer Sentiment Falls to Lowest Level Since December 2022
April 2024 Consumer Sentiment Survey Results and Economic Outlook
Recent Trends in Irish Consumer Sentiment
DUBLIN, April 28 (Reuters) - Irish consumer sentiment fell for a second successive month in April, but the pace of decline was smaller than the previous month as households started to better manage the impact of the conflict in the Middle East, a survey showed on Tuesday.
The Credit Union Consumer Sentiment Survey dropped to 53.3 in April, its lowest level since December 2022, from 56.7 in March.
Comparison with Previous Declines
But the 3.4 point fall was much smaller than the 8.5 point decline in March and the cumulative two-month decline was also smaller than that seen a year ago in response to U.S. tariff threats.
Consumer Outlook and Financial Conditions
"While the current survey reading suggests Irish consumers are bracing themselves for tougher times ahead, they are not in total despair about the financial conditions they face at present," the survey's authors wrote.
Economic Forecasts Amid Global Uncertainty
Ireland's finance ministry last week cut its growth forecast for the economy to between 1.5% and 2.1% this year, depending on how severe the inflationary impact from the Middle East conflict turns out to be.
Reporting and Editorial Credits
(Reporting by Padraic Halpin; Editing by Susan Fenton)
