ReutersConsumer sentiment continued its steady recovery in May from its recent 14-year low as concerns about the increased cost of living eased a little more, a survey showed on Monday. The Credit Union Consumer Sentiment index climbed to 62.4 in May from 59.2 in April. That compares to September’s low of 42.1 and the 77.0 recorded in February 2022, before Russia’s invasion of Ukraine. The May reading still remains some distance below the 27-year average of 86.5 and, as such, points to a still cautious mood on the part of Irish consumers. “Confidence is building slowly but surely, though current sentiment readings still signal fragile financial circumstances are weighing heavily on the mood of many Irish consumers,” the survey’s authors said in a statement.

Source: The Herald May 29, 2023 11:03 UTC