DUBLIN – Irish shopper sentiment fell to a 21-month low in July on considerations that a darkening financial outlook would hit private funds within the coming months, a survey confirmed on Thursday.
The KBC Financial institution Eire shopper sentiment index slipped to 53.7 in July from 57.7 in June, its fifth fall in six months.
That compares to the 2022 excessive of 81.9 hit in January and to a 10-year low of 42.6 set in April 2020 following the looks of COVID-19 within the nation.
July’s weakening was most pronounced in components of the survey focussed on customers’ private funds circumstances, stated economist Austin Hughes in evaluation distributed by KBC.
The subindex measuring customers’ potential for main purchases remained robust at 83.1, down from 84.9 in June.
“In a typically downbeat sentiment survey for July, maybe essentially the most encouraging ingredient was a comparatively restricted adjustment in customers spending plans,” Hughes stated.
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