Ireland: Consumer confidence improves noticeably in October
November 15, 2011
In October, the KBC Bank Ireland/ESRI Consumer Sentiment Index rose by 10.4 points to 63.7. The improvement saw sentiment hit the highest level since July 2010. According to the survey, the surprisingly sharp rise in consumer confidence can be associated with the release of positive GDP growth data for the second quarter in late September. The increase in confidence reflected an improvement in both consumer expectations as well as the current economic conditions.