One-third of households 'just making ends meet'

business
One-Third Of Households 'Just Making Ends Meet' One-Third Of Households 'Just Making Ends Meet'
Bank of Ireland's Business Pulse dropped below its pre-pandemic level for the first time in June. Photo: PA Media
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The number of households saying they are "just making ends meet" has increased since the start of the year, rising to one-third in Bank of Ireland's latest Consumer Pulse from one in four at the start of the year.

In June, the Consumer Pulse noted its joint second-lowest reading as inflation batters consumer sentiment.

Meanwhile, the Business Pulse showed mixed results, with the industry, retail and construction sectors seeing increased activity while the services sector took a hit after five months of successive gains.

Almost 90 per cent of businesses said non-labour input costs have jumped over the past three months, however, the number of firms expecting to increase their selling price in the near-term eased to 62 per cent.

Three in five firms also said it is difficult to predict the future development of their business situation at present.

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Regionally, sentiment among both consumers and businesses was down in Dublin and Munster, while Leinster (excluding Dublin) remained largely unchanged in the April-June period compared to March-May. Connacht/Ulster was the only region to note an increase in sentiment, rising by 1.3 points.

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