Retail Ireland Monitor October 2022
Cost of living concerns continue to weigh heavily on the outlook. The sharp drop again in consumer sentiment last month is a cause for concern. We are back at levels last seen during the financial crisis. The recent budget introduced a range of welcome supports for businesses and households and, despite high inflation, the jobs market remains strong and many economy-wide indicators remain positive. Hopefully this will contribute to a recovery in sentiment over the coming weeks.
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