The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut.
The latest index shows that after months of weak data, the pick up in June has been big enough to undo half of the declines that had been seen in the previous four months.
The report's author, economist Austin Hughes, points to the European Central Bank's cutting of interest rates as one of the drivers of the better mood. A separate part of the survey included special questions about how people have weathered the cost-of-living crisis, and this shows that there is still a long way to go for people to actually be out of the worst of it.About a third say their household income is broadly in line with their spending at the moment - while a quarter say their income does not cover their spending.
Business Irish Economy Austin Hughes Credit Union Consumer Sentiment Survey Irish League Of Credit Unions
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