Irish consumer sentiment steady near pandemic high in September

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DUBLIN, Sep 30 (Businesshala) – Irish consumer sentiment held steady in September, just below a two-year high recorded in June, a survey showed on Thursday, as the government prepared to lift almost all pandemic restrictions within weeks Was.

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The government has designated October 22 as its target date for the lifting of most restrictions, with more than 90% of the adult population being vaccinated, one of the highest levels in the world.

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KBC Bank Ireland consumer sentiment declined to 86.4 in September from 86.5 in August. Restaurants and pubs began reopening after the country’s third and longest shutdown, reaching a coronavirus pandemic-high of 87.2 in June.

Austin Hughes, chief economist at KBC Ireland, said the weakest elements of the survey were related to the macroeconomic environment due to concerns about an international plan to set minimum corporate tax rates, which some fear threaten the pillar of the country’s economic policy. It is possible.

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Hughes said, “Irish consumer sentiment remained broadly stable in September, as focus shifted to potential threats to the economic outlook from global taxation changes to global public debt, contrary to evidence of further progress from the pandemic.” “

Reporting by Conor Humphries; Editing by Bernadette Baum

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