The survey's authors said the slight decline in sentiment emphasised the major pressures household finances remain under rather than suggesting a dramatic change in mood. "In circumstances where negative financial news-flow dominated the survey period by quite a margin, the drop in consumer sentiment this month could probably be regarded as relatively modest," the authors said. (Reporting by Padraic Halpin Editing by Marguerita Choy)
Messaging: padraic.halpin.thomsonreuters.com@reuters.net)) DUBLIN, March 24 (Reuters) - Irish consumer sentiment in
March fell month-on-month for the first time since November, a
survey showed on Friday, as continuing cost-of living pressures
and increased uncertainty in the global economy made consumers
slightly more cautious.
The Credit Union Consumer Sentiment index slipped to 53.9
from February's eight-month high of 55.6. That was still ahead
of September's 14-year low of 42.1, but well below the 77.0
recorded in February 2022, before Russia's invasion of Ukraine.
Ireland's domestic economy weakened late last year but still
posted the fastest growth in the euro zone for 2022 and is
expected to expand again this year.
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