Slim rise in consumer confidence

There has been a marginal improvement in consumer sentiment as Irish people believe that they will have more money in the near future.

The results of the KBC Ireland/ESRI Consumer Sentiment Index increased to 61.2, from 58.9 in April, however, the average for the first quarter of the year remained unchanged at 60.

But only 10% of the 800 consumers surveyed expected to see an improvement in their personal financial situation in the coming year compared to 56% who see a further weakening.