Background

About the Economic Pulse

The Bank of Ireland Economic Pulse is based on a series of surveys. Each month households and firms in Ireland are asked for their views on a wide range of topics including the economy, their financial situation, spending plans, house price expectations, business activity and hiring intentions. Key business sectors such as industry, services, retail and construction are covered, as well as regions. The information gathered is combined into high level indices, with responses to individual questions also provided along with analysis and insights.

The EU Dimension

Bank of Ireland is partnering with the European Commission on the surveys. The data collected will feed into the Joint Harmonised EU Programme of Business and Consumer Surveys. This is a Europe-wide sentiment study which has been running since the 1960s. The data generated within this framework are particularly useful for monitoring economic developments at EU and Euro area level and also allow for the situation in Ireland to be compared with that of other Member States.

Methodology

Ipsos MRBI has been commissioned by Bank of Ireland to undertake the fieldwork for the surveys. A best practice approach to data collection and methodology has been adopted within a harmonised EU framework. 1000 households, 300 firms in industry, 1000 services firms, 400 retailers and 200 construction firms participate in the surveys each month.