The AIB/Amarach Recovery Indicator experienced a lift in December after a fall in November as the index rose from 17.8 to 18.3.
Three in ten of all Irish adults now believe that 'the economic situation is bad but has stabilised'.
The ARI is a monthly measure of consumer views on the economy now and in the future. It is designed to help businesses and planners anticipate the timing of economic recovery, especially in relation to consumer spending.
The ARI also reveals that 56% of adults feel that the recession is affecting other people more than it is affecting themselves, up from a figure of 52% in November. 51% of adults also continue to remain optimistic in spite of the current economic situation.
December's survey also shows that 60% of people agree that now is a good time to buy a house for those who want to, while 57% see paying off debts as a main priority.
It also reveals that consumers are remaining cautious about spending money with only 17% saying they are more relaxed about spending than they were a few months ago.
