Surprise upturn in consumer sentiment
Consumers are more optimistic about the economic outlook than they have been for a year and a half, a survey revealed today.
Economists admitted they were shocked by the results of the poll and warned they expected confidence to dip again next month.
The KBC Ireland/ESRI Consumer Sentiment Index measures how willing people are to spend cash, based on how they gauge their financial prospects.
Last month showed the mood of the average Irish consumer had brightened, with the rating jumping to its highest level since April 2008.
However, the report’s authors added: “We are surprised by the scale of the monthly gain and would not be surprised at some correction in the November data.”
