Ireland Consumer Confidence March 2018


Ireland: Consumer sentiment improves in March

April 9, 2018

The KBC Bank Ireland/ESRI consumer sentiment index increased from 105.2 points in February to 108.1 points in March. March’s recovery in consumer confidence was largely driven by consumers’ more optimistic outlook on their personal finances for the next year. Consumers’ willingness to make major purchases increased as well. Looking at the macroeconomic components of the index, views on current economic conditions and consumer expectations increased. This caused unemployment fears to diminish in the surveyed month.

Commenting on March’s reading, KBC Bank Ireland noted that:

“The broad trend in sentiment of late is one of uneven improvement rather than soaring confidence. However, the strength of the January and March data mean the three-month moving average of the sentiment series, which provides a sense of the underlying trend is now at its strongest level since February 2001.”

Ireland Private Consumption Forecast

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.7% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees private consumption increasing 2.4%.

Author: Jean-Philippe Pourcelot, Economist

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Ireland Consumer Confidence Chart

Ireland Consumer Confidence March 2018

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

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