Market comment

Irish business and consumer confidence slip in June


This morning’s Bank of Ireland Economic Pulse survey shows business and consumer confidence slipped in June. This perhaps isn’t surprising given the prospect of European Central Bank (ECB) rate hikes and inflationary pressures likely weighed on sentiment. The bigger picture is that consumer confidence is weak, hurt by the surge in energy prices and the hit to real incomes, but business confidence has been surprisingly resilient, still close to pre-pandemic levels.

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Jun 27 2022, 08:10 IST/BST