June weather may have boosted consumer sentiment

Modest scale of the monthly gain as recorded in the monthly Credit Union Consumer Sentiment Index suggests fears remain for many households, with cost-of-living a key issue

'Good weather at home may also mean some consumers feel they don’t have to spend on an expensive holiday, economist Austin Hughes said. Picture: Leah Farrell / RollingNews.ie

Irish Consumer confidence improved marginally in June as sunny weather and tentative signs that food and energy price inflation may have peaked eased some concerns around household finances.

However, the modest scale of the monthly gain as recorded in the monthly Credit Union Consumer Sentiment Index suggests fears remain for many households, with cost-of-living pressures remaining a key issue.