Confidence in economy increases

There has been a sizeable improvement in confidence in the economy over the past year, with investors looking more favourably on property and equities than anytime over the past few years.

The RaboDirect Investor Barometer found that 81% of investors are confident about the outlook for the economy over the next three months compared to 55% for the same period last year.

Killian Nolan, an investment manager at RaboDirect, said: “We’ve witnessed a significant pick-up in Irish investor sentiment over the last year, aided by growth in the global economy and the more positive news streams on the domestic front around the country’s financial recovery and improved property prices, to name a few.