Sunday, October 24, 2021

Irish consumer sentiment stabilizes near pandemic high in September

People who socially distance queue outside a Pennies clothing store, following an extended lockdown due to the outbreak of the coronavirus disease, on May 10, 2021 in Dublin, Ireland, phased out by appointment shopping start opening. (Clodag Kilcoyne/Reuters)

DUBLIN – 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.

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

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.

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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.

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.” “

Reuters

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This News Originally From – The Epoch Times

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