Ireland: Consumer confidence rises in June but remains in pessimistic territory
June 8, 2019
The KBC Bank Ireland/ESRI consumer sentiment index climbed for a third consecutive month in June, edging up to 90.7 points from May’s 89.9 points result. That said, the index remained below the crucial 100-point threshold separating pessimism from optimism.
Notably, June’s print reflected consumer’s’ improved outlook of general economic conditions, their employment prospects and their willingness to buy big-ticket household items. In addition, their perception of their current financial situation and over the past 12 months both improved. In contrast, consumer’s’ expectations and prospects over their own financial situation in the next 12 months both decreased in June.
Author: Nicolás J. Aguilar, Economist