Ireland: Consumer confidence rises in February
Consumer confidence jumped to 70.8 in February from January’s 64.9. Consequently, the index moved closer to the 100-threshold, but still indicated pessimism among consumers.
January’s improvement largely reflected households’ less pessimistic views of the general economic outlook and their expected personal financial situation in the coming twelve months. Moreover, their perception of the outlook for unemployment turned less negative, while consumers’ willingness to purchase large ticket items improved from the previous month.