Ireland: Consumer confidence ticks up in May
May 29, 2013
In May, the KBC Bank Ireland/ESRI Consumer Sentiment rose 2.3 points over the previous month to 61.2 points, which contrasted the 1.1-point decrease observed in April. According to the survey, "marginal improvement in sentiment in May suggests consumers' mood remains cautious".
The current economic conditions index increased in May, as consumers have become more upbeat about their current financial situation, as well as about their ability to purchase durable goods. In addition, the consumer expectations index improved over the previous month, suggesting better prospects over the next 12 months.
FocusEconomics Consensus Forecast panellists expect private consumption to decline 0.1% in 2013, which is unchanged from last month's forecast. For 2014, the panel sees private consumption rising 0.7%.