Bank Of Ireland Study Says Consumers Feeling More Confident As Restrictions Ease.

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Monday, May 31st, 2021 9:31am

By Ciara Plunkett @plunkettciara

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Stock image: Pexels

Momentum in the Irish economy is building.

Consumers are feeling more optimistic about the economy as Covid restrictions ease.

The latest Bank of Ireland business pulse index rose by 3.8 points to 92.7 in May.

That’s 51.3 points higher than the same time last year.

Chief Economist with Bank of Ireland, Loretta O’Sullivan, says it’s the fourth month in a row that it’s increased.

Momentum in the Irish economy is building according to research by Bank of Ireland.

The results of their latest business pulse index shows a rise in consumer confidence.

It’s led the bank to revise its GDP growth forecast to 5.8 per cent this year.

Consumer and business confidence up in May

— Bank of Ireland (@bankofireland) May 31, 2021

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