Consumer confidence up but no spending spree

CONSUMERS continue to grow in confidence but a boom-style spending spree remains a long way off, according to a monthly survey released yesterday.

The Consumer Sentiment Index, produced by IIB Bank and the ESRI, showed consumer confidence increased for the tenth month in-a-row in May.

But IIB Bank's Austin Hughes warned the latest figures were nothing to get carried away with, as consumers remained cautious about their spending plans.