FX.co ★ Irish Consumer Sentiment Improves Slightly in May

The Irish Credit Union Consumer Sentiment Index experienced an uptick in May, reaching 60.8 from April's 58.7, marking its first rise in four months. This improvement is attributed to a decrease in US tariff threats, slightly alleviating economic concern among consumers. Nonetheless, sentiment remains precarious due to ongoing economic risks and renewed pressures on household budgets, notably the escalating grocery prices. The survey for May revealed that respondents expressed the most significant concern about household financial conditions, underscoring enduring financial strain. Although this slight increase in sentiment suggests a cautious optimism for recovery, the overall mood remains guarded. Consumers continue to harbor anxiety regarding the broader economic environment, and the survey indicates that favorable weather alone did not significantly enhance the national sentiment.