Ireland Consumer Confidence

Ireland

Ireland: Consumer confidence reaches over-nine-year high in June

June 30, 2015

In June, the KBC Bank Ireland/ESRI Consumer Sentiment Index climbed to the highest level since February 2006, rising from May’s 98.5 points to 102.8 points. June’s rise reflected that consumers assessed both the current economic conditions and the economic prospects in the next 12 months more positively than in May. All subcategories that comprise the index advanced compared to the previous month. Consumers were particularly more upbeat about their personal financial situation in the past and in the next 12 months as well as regarding major purchases. Their assessment of the general economic outlook and unemployment also improved, albeit to a lesser extent.

According to the survey report, “Consumer Sentiment continues to show strong signs of improvement in the first half of this year. This month sees the Consumer Sentiment Index, as well as the two main sub-indices at their highest levels since 2006. While there has been some volatility in the Index in the first 6 months of the year the broad trend, as suggested by the three-month moving average, appears to be very positive.”

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption increasing 2.6%.


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Ireland? Download a sample report now.

Download

Ireland Consumer Confidence Chart


Ireland Consumer Confidence June 2015

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


Ireland Economic News

  • Ireland: Services PMI rises to four-month high in May

    June 6, 2018

    The Investec services Purchasing Managers’ Index (PMI) climbed to a four-month high of 59.3 in May, up from 58.4 in April, thanks to a buoyant economic landscape and more favorable weather conditions.

    Read more

  • Ireland: Consumer sentiment improves in May

    June 5, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index climbed to 106.7 points in May, up from 104.0 points in April, recovering two-thirds of the drop in the previous month.

    Read more

  • Ireland: Industrial production records strong expansion in April

    June 5, 2018

    The highly volatile Irish manufacturing industries production index rose 9.2% over the previous month in seasonally-adjusted terms in April, contrasting a 7.4% month-on-month contraction in March.

    Read more

  • Ireland: Manufacturing PMI inches up in May

    June 1, 2018

    The Investec manufacturing Purchasing Managers’ Index (PMI) inched up to 55.4 points in May from 55.3 points in April, reflecting improved business conditions in the manufacturing sector.

    Read more

  • Ireland: Consumer sentiment deteriorates in April

    May 11, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index slid to a five-month low of 104.0 points in April from 108.1 points in March, continuing a “see-saw pattern” of improving confidence in one month followed by weaker confidence in the next month in a rapidly changing and uncertain economic setting due to the threat of a potential trade war, along with Brexit. April’s loss of consumer confidence reflected increased strains on household finances, underpinned by higher energy costs and restrained wage growth.

    Read more

More news

Search form