Nervousness prevails among Irish consumers despite budget measures

Third of consumers said neither the Irish economy nor their own finances were doing well, according to survey

'The broad tone of Irish consumer sentiment remains cautious, as concerns remain elevated and nervousness about the outlook for jobs has increased,' economist Austin Hughes said. Picture: Gareth Chaney/Collins

Budget support measures announced earlier this month have made consumers less gloomy about their household finances, with Irish consumer sentiment improving modestly in October.

The latest Credit Union Consumer Sentiment Survey for October increased to 60.4 in October from 58.8 in September. This still suggests Irish consumers are nervous and facing significant financial pressures.