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Consumer Pulse

Consumer Pulse

March 2019

The Consumer Pulse stood at 82.6 in March 2019, up 1.5 on last month but down 15.8 on a year ago. Buoyed by positive news on the jobs and earnings fronts, households were more upbeat about recent economic developments this month. Their assessment of the economy’s prospects for the coming year was little changed though, with the balance of positive and negative responses remaining firmly in the red amid ongoing Brexit uncertainty. This uncertainty may also be contributing to an increasing propensity to save among households (three in four said they are likely to put some money aside in the next 12 months, up from 70% a year ago).

Consumer Pulse

March 2019

KEY POINTS

  • Consumer Pulse ticks up in March
  • 33% think it is a good time to buy big ticket items
  • Three in four likely to save in the next 12 months

Consumer Pulse

March 2019

CONSUMER PULSE

March 2019

82.6

+1.5 on previous index reading

Consumer Pulse

March 2019

“Having posted a series low last month, the Consumer Pulse was a touch higher this month.”

 

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

March 2019

General Economic Situation

Past 12 Months
10%
40%
No Change23%
16%
9%
Balance+13%
(Change on previous reading)+6

Consumer Pulse

March 2019

General Economic Situation

Next 12 Months
4%
20%
No Change24%
30%
13%
Balance-14%
(Change on previous reading)+2

Consumer Pulse

March 2019

Unemployment

Next 12 Months
7%
26%
No Change34%
26%
3%

Consumer Pulse

March 2019

Price of goods and services

Next 12 months

Shape Created with Sketch. 78%
15%
2%

Balance +77%

(+4 on previous reading)

 

Consumer Pulse

March 2019

Household Financial Situation

Past 12 Months
4%
22%
No Change55%
12%
5%
Balance+4%
(Change on previous reading)+1

Consumer Pulse

March 2019

Household Financial Situation

Next 12 Months
6%
26%
No Change50%
11%
4%
Balance+9%
(Change on previous reading)-3

Consumer Pulse

March 2019

Top Concerns

  • Paying Household Bills 50%
  • Cost of Renting 44%
  • Tax Burden 42%
  • Reductions in Income 39%
  • Rising House Prices 37%

Consumer Pulse

March 2019

Good time to make major purchases

Yes33%
Neither40%
No23%

Balance +10%

(+2 on previous reading)

 

Consumer Pulse

March 2019

Good time to save

Yes78%
No19%

Balance +60%

(+3 on previous reading)

 

Consumer Pulse

March 2019

Likelihood of saving in the next 12 months

Likely74%
Unlikely26%

Balance +48%

(+1 on previous reading)