Irish investor confidence barometer enters positive territory for first time

Irish investors’ confidence in the country’s economy is on the increase, with 55% confident about the outlook for the economy over the next three months, compared to 37% last September.

The two-year-old index RaboDirect’s Investor Barometer, which measures sentiment among Irish investors, reached an all-time high in January, entering positive territory for the first time. The overall index now stands at 100.8, up from 86.9 in Sept 2012. Below 100 signals negative sentiment; above is positive.

Irish investors’ confidence in the global economy is even stronger, with 64% of respondents expressing confidence in the global outlook over the next three months. Just 34% were confident in Sept 2012.