Ireland: Consumer confidence rises moderately in June on improved perceptions of current environment
July 7, 2014
The KBC Bank Ireland/ESRI Consumer Sentiment Index increased 1.7 points over the previous month to reach 81.1 points in June, recovering some of the ground that was lost after a sharp fall in May.
According to the survey report, the current economic conditions index increased significantly in June, with consumers expressing more optimism regarding their current financial situations and their ability to purchase durable goods. Meanwhile, the consumer expectations index registered a moderate decline. Consumers expect their financial situation to improve in the coming year, but they were more pessimistic about improvements in the labor market as well as the state of the general economy over the next 12 months.
Author: Carl Kelly, Economist