Ireland: Consumer confidence edges up in October
October 31, 2012
In October, the KBC Bank Ireland/ESRI Consumer Sentiment rose 0.7 points over the previous month to 60.9 points, which contrasted the sharp 9.8-point decrease observed in September. According to the survey, although it's encouraging that consumer sentiment rose marginally, the October reading still suggests that Irish consumers have become a good deal more nervous in the past couple of months. The current economic conditions index rose in October, as consumers have become more positive about their current financial situation, as well as about their ability to purchase durable goods. On the other hand, the consumer expectations index deteriorated over the previous month, suggesting worse prospects over the next 12 months.