Retail Ireland Monitor May 2022
While headline retail sales figures have remained resilient, the sharp drop in consumer sentiment in the last two months is a real concern. Cost of living worries have driven the index to an 18-month low. While many households built up saving during the pandemic, this is far from universal. The employment outlook remains positive, but undoubtedly many will now be more cautious on how they spend and invest their money over the coming months.
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