Ireland: Consumer confidence slips in April
May 10, 2013
In April, the KBC Bank Ireland/ESRI Consumer Sentiment edged down 1.1 points over the previous month to 58.9 points, which contrasted the 0.6-point increase observed in March. According to the survey, "the mood of Irish consumers was little changed in April. The marginal decline in the sentiment index is disappointing when compared to a slight improvement across the rest of the Euro area but it is not entirely surprising".
The current economic conditions index decreased in April, as consumers have become more downbeat about their current financial situation, as well as about their ability to purchase durable goods. In addition, the consumer expectations index deteriorated over the previous month, suggesting worse prospects over the next 12 months.
FocusEconomics Consensus Forecast panellists expect private consumption to decline 0.1% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, the panel sees private consumption rising 0.6%.