Saturday 19 January 2019

Hopes of growth rise on back of VIP visits

CONSUMER sentiment in Ireland rose in May following a slump during the previous month.

The KBC Bank Ireland/ESRI Consumer Sentiment Index jumped to 59.4 from April's 57.9, mainly due to the boost of the visit of Queen Elizabeth and US president Barack Obama (right).

The May figure is marginally less than the March figure of 59.5 but any figure over 50 signals growth.

Irish consumers are adapting to a 'new normal' of persistent pressures on their spending power, the survey found.

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