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Consumer Pulse

Consumer Pulse

June 2018

The Consumer Pulse stood at 98.9 in June 2018. Households’ assessment of the economy and their own finances was little changed on the month, resulting in a sideways move in the headline index (it was up 2.5 on this time last year though). The buying climate improved this month, with 39% considering it a good time to purchase big ticket items such as furniture and electrical goods, compared with 36% in May. The survey results show that households are keeping an eye on their savings as well and that seven in ten are likely to put some money aside over the coming year.

Consumer Pulse

June 2018

KEY POINTS

  • Consumer Pulse little changed in June
  • 53% think the economy will improve in the next 12 months
  • Over a third expect their own finances to get better

Consumer Pulse

June 2018

CONSUMER PULSE

June 2018

98.9

-0.3 on previous index reading

Consumer Pulse

June 2018

“Households remain in a positive frame of mind, with the Consumer Pulse reading in June not far off the series high.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

June 2018

General Economic Situation

Past 12 Months
13%
52%
No Change20%
9%
4%
Balance+30%
(Change on previous reading)+1

Consumer Pulse

June 2018

General Economic Situation

Next 12 Months
9%
44%
No Change29%
11%
5%
Balance+21%
(Change on previous reading)-1

Consumer Pulse

June 2018

Unemployment

Next 12 Months
4%
15%
No Change30%
46%
4%

Consumer Pulse

June 2018

Price of goods and services

Next 12 months

Shape Created with Sketch. 72%
25%
1%

Balance +71%

(+1 on previous reading)

 

Consumer Pulse

June 2018

Household Financial Situation

Past 12 Months
5%
25%
No Change55%
11%
4%
Balance+8%
(Change on previous reading)+1

Consumer Pulse

June 2018

Household Financial Situation

Next 12 Months
6%
31%
No Change51%
9%
2%
Balance+15%
(Change on previous reading)-1

Consumer Pulse

June 2018

Top Concerns

  • Paying Household Bills 48%
  • Cost of Renting 43%
  • Tax Burden 43%
  • Rising House Prices 37%
  • Reductions in Income 34%

Consumer Pulse

June 2018

Good time to make major purchases

Yes39%
Neither39%
No17%

Balance +22%

(0 on previous reading)

 

Consumer Pulse

June 2018

Good time to save

Yes71%
No26%

Balance +45%

(+4 on previous reading)

 

Consumer Pulse

June 2018

Likelihood of saving in the next 12 months

Likely71%
Unlikely28%

Balance +43%

(-2 on previous reading)