The slight easing in cost-of-living concerns meant the Credit Union Consumer Sentiment Index posted its largest monthly gain in more than three years. The consumer sentiment index also rose on the back of strong state tax ­returns. The sentiment index, which is based on surveys carried out by Core Research, increased to 74.2 in January, from 62.4 in December. “As a result, Irish consumer confidence posted a sharp increase in January to its best level in two years,” he said. Most consumers think Irish house prices will be higher, while just 14pc see lower house prices on a five-year view.

Source: Irish Independent January 29, 2024 03:02 UTC