Ireland Consumer Confidence

Ireland

Ireland: Consumer confidence reaches highest point in over 6 years

November 1, 2013

The KBC Bank Ireland/ESRI Consumer Sentiment index rose 3.1 points over the previous month to 76.2 points in October, which followed the 6.3 point jump observed in September. The index reached its highest point in six and a half years in October. According to the survey report, "the results hint at an emerging view that the Irish economy is now clearly past the worst even if there is little expectation that dramatically stronger conditions are set to take hold."

Consumers have become more upbeat about their financial situations at present and about their ability to purchase durable goods, as the strong increase in October's current economic conditions index reflected. The consumer expectations index rose moderately over the previous month; consumers see improvements in unemployment and the general economy over the 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.9% in 2013, which is up 0.2 percentage points from last month's forecast. For 2014, the panel sees private consumption increasing 0.7%, which is up 0.1 percentage points from last month's projection.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Ireland? Download a sample report now.

Download

Ireland Consumer Confidence Chart


Ireland Consumer Confidence October 2013

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


Ireland Economic News

  • Ireland: Services PMI rises to four-month high in May

    June 6, 2018

    The Investec services Purchasing Managers’ Index (PMI) climbed to a four-month high of 59.3 in May, up from 58.4 in April, thanks to a buoyant economic landscape and more favorable weather conditions.

    Read more

  • Ireland: Consumer sentiment improves in May

    June 5, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index climbed to 106.7 points in May, up from 104.0 points in April, recovering two-thirds of the drop in the previous month.

    Read more

  • Ireland: Industrial production records strong expansion in April

    June 5, 2018

    The highly volatile Irish manufacturing industries production index rose 9.2% over the previous month in seasonally-adjusted terms in April, contrasting a 7.4% month-on-month contraction in March.

    Read more

  • Ireland: Manufacturing PMI inches up to 38-month high in May

    June 1, 2018

    The Investec manufacturing Purchasing Managers’ Index (PMI) inched up to 55.4 points in May from 55.3 points in April, reflecting improved business conditions in the manufacturing sector.

    Read more

  • Ireland: Consumer sentiment deteriorates in April

    May 11, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index slid to a five-month low of 104.0 points in April from 108.1 points in March, continuing a “see-saw pattern” of improving confidence in one month followed by weaker confidence in the next month in a rapidly changing and uncertain economic setting due to the threat of a potential trade war, along with Brexit. April’s loss of consumer confidence reflected increased strains on household finances, underpinned by higher energy costs and restrained wage growth.

    Read more

More news

Search form