The first signs of an easing in the pressure on household finances from inflationary pressures has emerged in the latest consumer confidence survey from Danske Bank.
It reported a slight increase in the fourth quarter of last year, although it remains at relatively low levels, the bank said. Respondents to the survey, which was carried out in December 2022, reported feeling more confident about their future finances, as well as their expected spending on expensive items but worries about job security and current finances remain.
The recent rise in prices continues to be the main issue weighing on confidence and, although expected to fall further in the coming months, household finances will likely remained strained, Danke’s Chief Economist and Head of Strategy Conor Lambe said.
