Ireland Consumer Confidence

Ireland

Ireland: Consumer confidence inches up in March

April 2, 2015

In March, the KBC Bank Ireland/ESRI Consumer Sentiment Index recovered some of the ground lost in the previous month, increasing from February’s 96.1 points to 97.8 points. March’s result reflected improvements in both consumers’ perceptions of the current economic environment and their outlook for the Irish economy. The advance was broad-based, with most subcategories performing better over the previous month. Particularly, compared to the previous month, consumers were more positive about their personal financial situations in the past and the next 12 months, the general economic outlook and major purchases. Conversely, they assessed the outlook for unemployment more negatively than in February.

According to the survey report, in March consumer sentiment was, “amongst the highest recorded since April 2006. This, along with continued gains in the 3-month moving average suggests that consumer’s sentiment is showing signs of improvement.”

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 March 2015

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


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