A recent report conducted by the Forum of Private Enterprise, reveals that consumer confidence has increased for the first time since the beginning of the year.
The survey, which asked over two thousand respondents how they felt about the current economic context revealed that fifty five per cent said the felt more optimistic about the future than they did a year ago.
While over forty per cent said that would be more comfortable making a high ticket purchase now than in 2009.
James Lockhart, spokesperson for the Forum of Private Enterprise, comments; “Consumer confidence was one of the main casualties of the recession and its decline had a massive impact on almost all sectors, but the most badly affected was undoubtedly the Retail Sector. The fact that it has improved, makes a double dip recession an unlikely reality.”