IRISH CONSUMER SENTIMENT 74.1 IN NOVEMBER VS 74.1 IN OCTOBER
DUBLIN, Nov 27 (Reuters) -Consumer sentiment was unchanged in Ireland in November with respondents waiting to judge the outcome of this week's Irish general election and potential fallout from the recent U.S. presidential election, a survey showed on Wednesday.
Ireland goes to the polls on Friday with the current centre-right led coalition favourites to be re-elected, however part of the debate has centred on the exposure of Ireland's low-tax business model to potential policy changes in the United States.
The Credit Union Consumer Sentiment index held steady at 74.1, well below its long-term average of 84.3 but considerably higher than the reading of 61.9 a year ago when Ireland was still grappling with high inflation.
"We think the unfolding U.S. election result, the upcoming general election in Ireland and an increasing uncertainty about what the future may hold could have prompted Irish consumers to hit a pause button," the report's authors said.
"In circumstances where concerns about the possible impact of policy changes in the U.S. on the Irish economy attracted considerable attention, an unchanged Irish consumer sentiment reading should probably not be seen in a negative light."
Reporting by Padraic Halpin; Editing by Sarah Young
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
