World Economy

89% Investors Confident of Irish Outlook

89% Investors Confident of Irish Outlook
89% Investors Confident of Irish Outlook

The latest RaboDirect Investor Barometer shows that 89% of Irish investors surveyed say they are confident about the outlook for the Irish economy over the next three months, down from 91% last November 2014.

Confidence in the global economic outlook has slipped slightly further from 76% in November to 73% in August 2015, Business World reported.  

 The RaboDirect Investor Barometer results for August 2015 are based on the responses of 555 RaboDirect customers with investment accounts during the two week period ending 7th August 2015.

The report shows that investor confidence in the Irish property market has fallen sharply, down 10% from 67% to 57%.  This less optimistic outlook is mirrored in Irish investors’ outlook for the global property market. The number of investors saying they would be confident about investing in global property over the next three months is down 5% to 52%.

When asked which particular sectors investors would be watching out for over the remainder of 2015, 28% indicated the technology sector was of interest, 18% said healthcare, 14%  said the financial sector–a fall of 7% since last November–13% said investments in commodities, followed by sustainability-related investments (12%).

Furthermore, 84% say they are optimistic about their personal finances, up from 81% at the time of the last barometer (November 2014).

Head of Investments at RaboDirect, Killian Nolan says, “The stream of good news about the Irish economy continues to sustain overall sentiment, which has impacted positively on investors’ confidence around their personal financial situation. However, not surprisingly recent events in Greece and China have impacted investors’ economic outlook.