In September, the KBC Bank Ireland/ESRI Consumer Sentiment fell 9.8 points over the previous month to 60.2 points, which contrasted the 2.3-point increase observed in August. As a result on the monthly decrease, consumer confidence hit its lowest level since February. According to the survey, "the September survey suggests the fear factor has returned as consumers worry about the possible impact of another severe Budget on already strained household spending power". The consumer expectations index deteriorated over the previous month, suggesting worse prospects over the next 12 months. Moreover, the current economic conditions index fell in September, as consumers have become more negative about their current financial situation, as well as about their ability to purchase durable goods.
Ireland Consumer Confidence
Consumer confidence falls sharply in September
October 2, 2012
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Ireland Consumer Confidence Chart
Note: The KBC Bank Ireland/ESRI Consumer Sentiment Index.
Source: The Economic and Social Research Institute (ESRI).
Ireland Economic News
October 11, 2016
Industrial production contracted 13.4% from the previous month in seasonally-adjusted terms in August, contrasting the revised 7.9% expansion in July (previously reported: +3.7% month-on-month).
October 10, 2016
In September, the KBC Bank Ireland/ESRI Consumer Sentiment Index dropped from 102.7 points in August to 102.0 points.
October 6, 2016
The Investec Services Purchasing Managers’ Index (PMI) nosedived from 59.7 in August to 56.2 in September, the lowest reading since February 2014.
October 3, 2016
The Investec Manufacturing Purchasing Managers’ Index (PMI) edged down from 51.7 in August to 51.3 in September.
September 21, 2016
The Irish national accounts data continues to be affected by distortions and volatility.