Consumers’ confidence bounces back

CONSUMER confidence bounced back last month, while the services sector also saw strong growth in activity and new business, according to figures released yesterday.

The monthly Consumer Sentiment Index, which was published by IIB Bank and the Economic and Social Research Institute (ESRI), found consumers recovered in confidence in September and reversed the declines seen during August.

The index registered 95.5 during the month, which was up from 93.6 in August but below the 103 average seen over the survey’s nine-year lifetime.