The Credit Union Consumer Sentiment Index for April indicates a notable decline in consumer confidence in Ireland, attributed primarily to concerns over US President Donald Trump's trade policies. Despite financial struggles due to soaring prices, particularly for groceries, there hasn't been a dramatic shift in consumers' current circumstances. Economist Austin Hughes highlights ongoing uncertainty impacting consumer assessments of future behavior. With the April index reading at 58.7, the lowest in just over two years, it indicates a state of fear and flux affecting consumer sentiment, yet many intend to invest in home improvements.
A state of flux, as well as fear, is likely to dominate consumer sentiment and spending in coming months.
Exactly how far or how fast Irish economic conditions might weaken in the future remains unclear and subject to rapid and random changes on policy pronouncements from the White House.
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