Consumers more willing to spend

Consumers are willing to spend more money as the KBC Ireland/ESRI hits its highest level in six years as the country exits its bailout and the jobs market improves.

The KBC Ireland/ESRI Consumer Sentiment Index increased to 76.2 in October, from 73.1 in September. The three-month moving average improved from 69.4 to 72.0, continuing its upward trend since April.

The ESRI’s Kevin Timoney said the improvement is down to a continuous positive feeling since April.