Irish consumer sentiment reaches seven-year high in July

The overall KBC Ireland/ESRI Consumer Sentiment Index increased to 89.4 in July, from 81.1 in June and up from 68.2 in July last year.

This is the highest level recorded since July 2006.

The three-month moving average rose to 83.3 in July, from 82.6 in June.

“Consumer sentiment rose in July, following a slight increase in June. The increase was driven both by improving perceptions of the current economic environment and expectations for the future,” said David Byrne, ESRI.

“The index of current economic conditions rose to 103.5, from 95.8 in June. This is the highest level recorded since July 2006.

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