Ibec forecasts a stabilising of consumer spending power

Consumer spending power is set to stabilise this year and increase in 2014, according to business group IBEC.

It also said the deal on the promissory notes was better than expected and should provide upward momentum to consumer confidence.

IBEC’s Irish Consumer Monitor, launched today, says spending power for Irish households would be almost unchanged this year at +0.2%, with spending power likely to increase to 0.7% next year.