Ireland: Consumer confidence continues to rise in November
December 3, 2012
In November, the KBC Bank Ireland/ESRI Consumer Sentiment rose 2.9 points over the previous month to 63.8 points, which followed the 0.7-point increase observed in October. According to the survey, "it remains the case that consumers feel Irish economic conditions will be difficult through 2013 and that household finances will remain under pressure.
However, consumers seem to believe that a gradual improvement is taking hold." The current economic conditions index rose in November, as consumers have become more positive about their current financial situation, as well as about their ability to purchase durable goods. In addition, the consumer expectations index also improved over the previous month, suggesting better prospects over the next 12 months.