Business

Irish consumer sentiment hits 7-month high



© Reuters. FILE PHOTO: A panoramic view of the downtown skyline showing residential and commercial buildings in Dublin, Ireland, January 25, 2022. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) – Irish consumer sentiment improved to a seven-month high in January, a survey showed on Thursday, with authors pointing to falling fuel prices and economic data Ireland’s strong economy was driving the increase.

The Credit Union Consumer Confidence Index rose to 55.2 in January from 48.7 in December. This is up from a 14-year low of 42.1 recorded in September. but much lower than the 85.6 average recorded in the survey over the past 27 years.

The survey’s authors said in a statement that the strongest monthly changes were in survey elements that focused on household finances, with consumers indicating they wanted to spend more.

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