"Stronger sentiment seems to be the result of an easing in fears rather than any sense that conditions are improving markedly at present," the survey's authors said in a statement. "Encouraging as the April sentiment reading is, it still suggests the current mood of the Irish consumer is dominated by uncertainty and caution." (Reporting by Conor Humphries; Editing by Toby Chopra)
DUBLIN, April 27 (Reuters) - Irish consumer sentiment
increased sharply to a 13-month high in April on falling energy
costs and a less threatening outlook for European Central Bank
interest rates, a survey showed on Thursday.
The Credit Union Consumer Sentiment index climbed to 59.2 in
April from 53.9 in March. That compares to September's 14-year
low of 42.1 and 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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.