Ireland: Consumer confidence ticks up in March
April 8, 2013
In March, the KBC Bank Ireland/ESRI Consumer Sentiment nudged up 0.6 points over the previous month to 60.0 points, which contrasted the 4.8-point decrease observed in February. According to the survey, "there is little in the current environment to make Irish consumers notably more upbeat about the future".
The current economic conditions index increased in March, as consumers have become more optimistic about their current financial situation, as well as about their ability to purchase durable goods. On the other hand, 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 0.5% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, the panel sees private consumption rising 0.7%.