RTTNews - Irish consumer confidence dropped in May to 45.5 from 46.8 in April, a survey conducted by KBC Bank Ireland and the Economic and Social Research Institute showed Tuesday. The three month moving average stood at 45.5 compared to 45 in April.
Among the two sub indices, consumer expectations based on perception of their future financial situation, economic outlook and employment expectations eased to 23.8 from 27.7 in April.
Meanwhile, consumers' perception of their current situation improved to 77.7 in May from 75.1, reflecting a positive perception by consumers of their current buying climate.
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