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Consumer Pulse

Consumer Pulse

September 2019

The Consumer Pulse stood at 74.4 in September 2019, down 1.5 on last month as Brexit uncertainty continues to weigh on the mood. Worries about the economy took centre stage once again and households downgraded their assessment of the current situation and prospects for the coming year. And with few giveaways expected in the upcoming Budget, they were also a touch gloomier about the outlook for their own pockets. Buying sentiment was little changed on the month though, with one in three considering it a good time to purchase big ticket items like furniture and electrical goods.

Consumer Pulse

September 2019

KEY POINTS

  • Consumer Pulse dips in September
  • Households nervous about the economy
  • Over half think things will get worse

Consumer Pulse

September 2019

CONSUMER PULSE

September 2019

74.4

-1.5 on previous index reading

Consumer Pulse

September 2019

”The Consumer Pulse was down for a third month running in September and also posted a fresh low.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

September 2019

General Economic Situation

Past 12 Months
6%
33%
No Change29%
22%
9%
Balance+2%
(Change on previous reading)-5

Consumer Pulse

September 2019

General Economic Situation

Next 12 Months
3%
16%
No Change18%
35%
21%
Balance-28%
(Change on previous reading)-2

Consumer Pulse

September 2019

Unemployment

Next 12 Months
14%
33%
No Change25%
20%
5%

Consumer Pulse

September 2019

Price of goods and services

Next 12 months

Shape Created with Sketch. 75%
17%
3%

Balance +72%

(+3 on previous reading)

 

Consumer Pulse

September 2019

Household Financial Situation

Past 12 Months
5%
21%
No Change56%
12%
5%
Balance+4%
(Change on previous reading)0

Consumer Pulse

September 2019

Household Financial Situation

Next 12 Months
5%
23%
No Change50%
13%
5%
Balance+5%
(Change on previous reading)-1

Consumer Pulse

September 2019

Top Concerns

  • Paying Household Bills 52%
  • Cost of Renting 44%
  • Tax Burden 42%
  • Reductions in Income 39%
  • Rising House Prices 36%

Consumer Pulse

September 2019

Good time to make major purchases

Yes33%
Neither38%
No27%

Balance +7%

(0 on previous reading)

 

Consumer Pulse

September 2019

Good time to save

Yes79%
No19%

Balance +60%

(+7 on previous reading)

 

Consumer Pulse

September 2019

Likelihood of saving in the next 12 months

Likely74%
Unlikely26%

Balance +48%

(+1 on previous reading)