Shoppers’ caution about spending eased this month as Government Covid-19 restrictions eased allowing some to return to work, a survey published today shows. Bank of Ireland’s Economic Pulse, which surveys consumers and businesses about their financial prospects, shows shoppers were far less optimistic in June than a year ago. Households remained “gloomy” about the economy, but were a little less pessimistic about prospects for the coming year, the bank’s report says. Money and job security fears eased in June as some people returned to work boosting buying sentiment slightly. Bank of Ireland group chief economist Dr Loretta O’Sullivan argues that the survey shows a rebound in sentiment is under way, with business and consumer confidence rising.

Source: The Irish Times June 29, 2020 01:07 UTC