Ireland: Consumer confidence rises to a two-year high in July
August 19, 2012
In July, the KBC Bank Ireland/ESRI Consumer Sentiment Index rose 5.4 points over the previous month to 67.7 points, which followed the 1.3-point increase observed in June. In fact, consumer morale hit the highest level since June 2010. According to the survey, "results are surprisingly strong and probably reflect the coincidence of a number of favourable developments during the survey period". All sub-indices that comprise the overall sentiment gauge increased over the previous month. The consumer expectations index improved the most, suggesting better prospects over the next 12 months. In addition, the current economic conditions index also rose in July, as consumers have become more positive about their current financial circumstances, as well as about their ability to purchase durable goods.