Ireland: Consumer confidence rebounds in January
February 11, 2013
In January, the KBC Bank Ireland/ESRI Consumer Sentiment rose 14.4 points over the previous month to 64.2 points, which contrasted the 14.0-point decrease observed in December. According to the survey, "after what have seemed to be an exaggerated drop in the sentiment index in December, it was very likely that there would be a recovery in the January survey but the scale of the turnaround is better than might have been expected".
The current economic conditions index rose in January, as consumers have become more optimistic 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.