Consumer Sentiment shows signs of economy's slow recovery

Householders are the most optimistic about the economy and their personal financial situations since February 2016.

A modest increase in the consumer sentiment index shows an 18-month high for September.

Despite the steady increase there is no evidence yet of a widespread "feel-good" factor.

Chief Economist with KBC Bank Ireland, Austin Hughes, says it is a slow recovery with a lot of remaining uncertainty.

Mr Hughes said: "Their worst fears that Brexit would cause an absolutely catastrophic outturn for the Irish economy this year haven't materialised.

"Instead, the economy has actually done very well, so in those circumstances consumers are less fearful.

"But we're way, way away from any point where consumers might feel that the economy is seeing a dramatic recovery."


More in this Section

Manager defrauded Bombardier of €774,000 to buy Harley-Davidsons and US holidays

Research shows more Irish companies offering perks to keep employees

Henkel Ireland announces 40 'highly skilled' jobs at its new 3D printing operation in Dublin

Dr Martens walking on water in Asia as profits rise


Today's Stories

Facing the music in a tough market

Ghost of ‘Black Monday’ still haunts

UK company profit warnings on rise

Costs breeding Brexit ‘complacency’

Lifestyle

A helicopter put a piano on the 150-foot roof of Blarney Castle and other stories from the Cork Jazz Festival archives

Jazz Memories: Famous faces share their favourite moments

Live music review: The Horrors - Icy genius in a thrillingly intimate setting

Choosing a sheltered spot for Maples is vital

More From The Irish Examiner