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IRISH CONSUMER SENTIMENT IMPROVES.

Europe Intelligence Wire

| February 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Market - Europe)

Consumer confidence began to rebound during the third quarter of 2003 and the generalized improvement should persist through at least the first quarter of this year. At the outset of the fourth quarter of 2003, consumer confidence reached the highest level registered in over a year and that should convert into a modest rebound in sales of consumer durable goods during the first half of 2004

Job related concerns are subsiding as export-oriented industries expand their payrolls this year. In recent months, inflation has been running below projection, and that should contribute to a gradual improvement in real household income as the year progresses. Household expenditure on high-end durables should regain upward momentum by midyear 2004, with year-on-year sales growth for major household appliances in the range of 3 to 5 percent

The global economic upswing provides a backdrop for ...

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