Ireland: Consumer confidence hits two-year high in June but remains in pessimistic territory
Consumer confidence rose to 87.2 in June from May’s 85.8. June’s result marked the best performance since June 2019. However, the index remained below the 100-threshold, still signaling pessimism among consumers.
June’s improvement was largely driven by falling pessimism among consumers with regards to the economic as well as unemployment outlook. Moreover, households turned more inclined to make purchases over the previous month. That said, consumers’ optimism as regards their financial situation in the coming 12 months eased.