Consumer confidence continues modest rise, but 'significant' economic clouds remain

Consumer spending expected to “bloom, rather than boom, this summer”

Consumer confidence hit a two-year high this month, according to a survey, but there remain economic clouds on the horizon.

Housing and rising living costs are being viewed as the main threats to a post-Covid economic recovery, but consumer confidence is still high, according to a survey.

“Irish consumers see brighter days ahead, but some significant economic clouds,” said KBC Bank Ireland chief economist Austin Hughes.