Ireland Consumer Confidence

Ireland

Ireland: Consumer confidence improves in April

April 29, 2015

In April, the KBC Bank Ireland/ESRI Consumer Sentiment Index rose from March’s 97.8 points to 98.7 points. April’s result reflected improvements in consumers’ expectations for the future economic situation of the Irish economy. Conversely, perceptions of the current economic environment moderated slightly. Compared to the previous month, consumers were more positive about their personal financial situations in the past and the next 12 months as well as the outlook for unemployment. By contrast, they were less upbeat than in March about Ireland’s general economic outlook and major purchases.

According to the survey report, “[c]onsumer sentiment continues to increase for the third month in a row with April’s reading amongst the highest recorded since early 2006. Despite the fact that the 3-month moving average is down slightly this month the overall trend suggests a positive improvement in consumer’s expectations for the future. While all five components of the survey have increased substantially in the year to April we do observe some caution amongst consumers this month with regard to the outlook for general economic situation.”

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.0% in 2015, which is up 0.3 percentage points from last month’s forecast. For 2016, the panel sees private consumption increasing 2.3%.


Author: Teresa Kersting, Economist

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Ireland Consumer Confidence Chart


Ireland Consumer Confidence April 2015

Note: The KBC Bank Ireland/ESRI Consumer Sentiment Index.
Source: The Economic and Social Research Institute (ESRI).


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