Irish investors’ confidence in the country’s economy is on the increase, with 55% confident about the outlook for the economy over the next three months, compared to 37% last September. The two-year-old index RaboDirect’s Investor Barometer, which measures sentiment among Irish investors, reached an all-time high in January, entering positive territory for the first time. The overall index now stands at 100.8, up from 86.9 in Sept 2012. Below 100 signals negative sentiment; above is positive.

Irish investors’ confidence in the global economy is even stronger, with 64% of respondents expressing confidence in the global outlook over the next three months. Just 34% were confident in Sept 2012.

Investment manager at RaboDirect Killian Nolan said that despite the increased confidence in the economy, optimism among investors about their financial situation over the coming three months was down slightly at 74% compared with 76% who were optimistic in September.

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