Irish consumers upbeat on economy, cautious on personal finances | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
20 September 2017 00:00:00 AM Breaking News

• WORLD

Irish consumers upbeat on economy, cautious on personal finances

Irish consumers remain upbeat about prospects for the economy following Britain’s vote to exit the European Union but cautious about how much they will personally gain from surging economic growth, a survey showed on Tuesday.

The KBC Bank Ireland/ESRI Consumer Sentiment Index stood at 102.0 in April, almost unchanged from 101.9 a month earlier. That kept it close to a seven-month high of 103.1 in January and well ahead of a two-year low of 96.2 in December.

Views on the outlook for the Irish economy were at their highest level since last August, the authors said. Ireland’s economy has posted the fastest growth in Europe for the past three years and unemployment has fallen to 6.2 percent from a 2012 high of 15.1 percent.

The threats posed by neighbouring Britain’s decision to quit the European Union and the election of U.S. President Donald Trump “appear less immediate” in the wake of the strong economic and jobs data at home, they said.

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