In July, the KBC Bank Ireland/ESRI Consumer Sentiment Index rose 5.4 points over the previous month to 67.7 points, which followed the 1.3-point increase observed in June. In fact, consumer morale hit the highest level since June 2010. According to the survey, "results are surprisingly strong and probably reflect the coincidence of a number of favourable developments during the survey period". All sub-indices that comprise the overall sentiment gauge increased over the previous month. The consumer expectations index improved the most, suggesting better prospects over the next 12 months. In addition, the current economic conditions index also rose in July, as consumers have become more positive about their current financial circumstances, as well as about their ability to purchase durable goods.
Ireland Consumer Confidence
Consumer confidence rises to a two-year high in July
August 19, 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.