Financial confidence remains ‘fragile’

DESPITE official readings that the recession here is technically over, financial confidence amongst Irish consumers is still in a fragile state, according to a new survey.

The latest quarterly financial confidence index from financial services group, Standard Life shows a slight dip in its current reading — for the three months to the end of June — from 53.3 to 53.1.

“One of the disappointing survey results is the low confidence scores prevalent amongst younger respondents,” commented Standard Life Ireland’s head of marketing Brendan Barr.