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Consumer Sentiment increases 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. The 3-month moving average rose to 83.3 in July, from 82.6 in June.
• “Consumer Sentiment rose sharply 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.”
• “The index of current economic conditions rose to 103.5, from 95.8 in June. This is the highest level recorded since July 2006. Households were more positive about the current buying climate and their financial situation compared with 12 months ago.”