In August, the KBC Bank Ireland/ESRI Consumer Sentiment Index rose 2.3 points over the previous month to 70.0 points, which followed the 5.4-point increase observed in July. Building on the monthly climb, consumer confidence hit its highest level since October 2007. According to the survey, "the continuing improvement in consumer sentiment is very encouraging" and "it probably owes quite a lot to the possibility that ECB interest rates could fall further and remain low for quite a while". The consumer expectations index improved over the previous month, suggesting better prospects over the next 12 months. The current economic conditions index, however, fell in August, as consumers have become slightly more negative about their current financial situation, as well as about their ability to purchase durable goods.
Ireland Consumer Confidence
Consumer confidence rises to a near five-year high in August
August 28, 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.