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Consumer Pulse

Consumer Pulse

November 2019

The Consumer Pulse recovered some ground in November 2019, coming in at 76.0. This was up 6.1 on last month’s reading but 14.2 lower than a year ago. With the further extension of Article 50 taking a no deal Brexit off the table for now, households were less downbeat about the outlook for the economy this month. They also upgraded their assessment of their own finances and with the festive season approaching, one in six plans to spend more on Christmas presents this year compared with last year, while 57% intend to spend about the same.

Consumer Pulse

November 2019

KEY POINTS

  • Consumer Pulse strengthens in November
  • Brexit worries take a step back
  • Festive cheer kicking in

Consumer Pulse

November 2019

CONSUMER PULSE

November 2019

76.0

+6.1 on previous index reading

Consumer Pulse

November 2019

”The Consumer Pulse caught a break this month, with the index rising for the first time since June.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

November 2019

General Economic Situation

Past 12 Months
5%
28%
No Change28%
24%
12%
Balance-5%
(Change on previous reading)0

Consumer Pulse

November 2019

General Economic Situation

Next 12 Months
4%
19%
No Change25%
32%
14%
Balance-16%
(Change on previous reading)+14

Consumer Pulse

November 2019

Unemployment

Next 12 Months
11%
34%
No Change28%
21%
3%

Consumer Pulse

November 2019

Price of goods and services

Next 12 months

Shape Created with Sketch. 71%
21%
2%

Balance +69%

(-7 on previous reading)

 

Consumer Pulse

November 2019

Household Financial Situation

Past 12 Months
5%
20%
No Change55%
12%
7%
Balance+2%
(Change on previous reading)+1

Consumer Pulse

November 2019

Household Financial Situation

Next 12 Months
6%
22%
No Change54%
11%
4%
Balance+8%
(Change on previous reading)+5

Consumer Pulse

November 2019

Top Concerns

  • Paying Household Bills 52%
  • Cost of Renting 45%
  • Tax Burden 44%
  • Reductions in Income 38%
  • Rising House Prices 35%

Consumer Pulse

November 2019

Good time to make major purchases

Yes32%
Neither31%
No33%

Balance -1%

(+7 on previous reading)

 

Consumer Pulse

November 2019

CHRISTMAS 2019 SPENDING PLANS

4%
13%
No Change57%
17%
8%

Consumer Pulse

November 2019

Good time to save

Yes71%
No26%

Balance +45%

(-7 on previous reading)

 

Consumer Pulse

November 2019

Likelihood of saving in the next 12 months

Likely74%
Unlikely26%

Balance +48%

(+4 on previous reading)