In October, the KBC Bank Ireland/ESRI Consumer Sentiment rose 0.7 points over the previous month to 60.9 points, which contrasted the sharp 9.8-point decrease observed in September. According to the survey, although it's encouraging that consumer sentiment rose marginally, the October reading still suggests that Irish consumers have become a good deal more nervous in the past couple of months. The current economic conditions index rose in October, as consumers have become more positive about their current financial situation, as well as about their ability to purchase durable goods. On the other hand, the consumer expectations index deteriorated over the previous month, suggesting worse prospects over the next 12 months.
Ireland Consumer Confidence
Consumer confidence edges up in October
October 31, 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.