Ireland Consumer Confidence

Ireland

Ireland: Consumer confidence steady in November

December 3, 2014

The KBC Bank Ireland/ESRI Consumer Sentiment Index came in at 85.3 points in November, roughly in line with October’s 85.5 points. According to the survey report, “consumer sentiment held broadly steady in November as consumers struggled to decide whether improving jobs and property markets or continuing pressures on their household finance would be the more important influence on their prospects for 2015.”

November’s result shows offsetting influences between consumers’ perceptions of the current economic environment and their outlook for the Irish economy. The current economic conditions index inched up as consumers were slightly more upbeat about their current situation. The consumer expectations index ticked down as consumers were somewhat less positive about their financial situation over the next 12 months. However, consumers did express optimism about the prospect of purchasing goods and developments in the labor market. These results are consistent with many consumers’ feeling that the economic recovery seen at a national level has yet to carry over and fully impact their everyday experience.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees private consumption increasing 1.7%, which is also up 0.1 percentage points from last month’s projection.


Author:, Economist

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Ireland Consumer Confidence Chart


Ireland Consumer Confidence November 2014

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


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