Reports show signs of recovery from recession

SIGNS that Ireland is battling its way out of recession have emerged as two reports reveal how consumers are starting to spend again and house prices are starting to stabilise and even rise in some areas.

The latest KBC/ESRI consumer sentiment index has shown that consumers – although still cautious – were more inclined to spend last month and are less pessimistic about the year ahead.

The actual index rose to 61.9 in March, compared to 59.4 in February and an all-time low of 39.6 in July 2008.