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Irish consumer outlook less gloomy

Consumers - Trend points to improvement in sentiment
Consumers - Trend points to improvement in sentiment

New figures show that Irish shoppers were less gloomy than those in the US, UK or Germany last month.

The latest KBC Ireland/ESRI consumer sentiment index fell marginally to 53.6 in November from 54.2 the previous month.

The drop comes after a sharp increase in October. It also compares to a reading of 44.8 the same time last year.

However, the survey points out that the underlying trend continues to show a clear, if modest, improvement in sentiment in recent months.

It says the three month moving average rose from 50.8 to 52.5 last month.