Rugby boosts consumer confidence

IRELAND’S success at the Rugby World cup has been credited with a major bounce in consumer sentiment last month.

Strong Irish growth data and hopes for an interest rate cut by the European Central Bank (ECB) have also been credited with the KBC/ESRI consumer sentiment index jumping to 63.7 last month from 53.3 in October, the strongest level since July last year.

Last month’s change was also the third largest monthly point increase and the eighth largest monthly change in the near 16 year history of the index.