Irish Consumer Sentiment Bounces As No-Deal Brexit Fears Ease

www.oann.com | 12/2/2019 | Staff
jenny1246jenny1246 (Posted by) Level 3
DUBLIN (Reuters) – Irish consumer sentiment recovered sharply from a seven-year low in November, posting its fastest monthly rise since 2015 as the risk of a damaging no-deal Brexit receded, a survey showed on Tuesday.

Ireland has remained the European Union’s fastest growing economy during three years of Brexit talks but consumer confidence was hit earlier this year when the prospect of Britain leaving without an agreement rose.

KBC - Bank - Consumer - Sentiment - Index

The KBC Bank consumer sentiment index rose to 77.1 in November from 69.5 in October, helped by a fresh Brexit deal that Prime Minister Boris Johnson hopes to ratify after a Dec. 12 election. That was back to the level it stood at in August but still well below its reading of 96.5 a...
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