The Credit Union survey fell to 61.6 from 62.2 as cost-of-living concerns continued to weigh on households, leaving confidence well below the long-term average but above April’s 40-month low.
Ireland’s Credit Union Consumer Sentiment Survey slipped to 61.6 in July from 62.2 in June as cost-of-living concerns continued to dominate household economic worries. The reading remained well below the long-term survey average of 83.2, underscoring still-subdued confidence, though it stayed above the 40-month low of 53.3 reached in April after fuel costs jumped following the Middle East conflict. Subindices tracking current conditions, consumer expectations and the economic outlook all fell slightly in July. Irish League of Credit Unions CEO David Malone said concerns about the cost of living continued to outweigh all other economic issues.