Ireland: Pessimism among consumers rises in July
Consumer confidence came in at 84.9 in July, edging down from June’s 87.2. As a result, the index moved further below the 100-threshold, and indicated pessimism among consumers.
July’s downturn was largely driven by rising pessimism among consumers with regards to the economic and unemployment outlook, with the former deteriorating markedly. On top of this, households turned less inclined to make purchases over the previous month, while consumers’ optimism as regards their financial situation in the coming 12 months moderated.