Fall in consumer sentiment shows road to recovery to remain bumpy

A broadly based ‘feel-good’ factor is still lacking among Irish consumers.

Worries about rising living costs and the eventual phased withdrawal of fiscal supports led to consumers being more cautious about their future finances. Picture: Larry Cummins

Confidence amongst Irish consumers has fallen slightly from the two-year high recorded in June suggesting the recovery path for the economy will remain bumpy.

A still uncertain economic outlook combined with growing inflation fears and increased nervousness about the Covid Delta variant appear to have made Irish consumers a little more cautious about the outlook for the economy.