Download Consumer

Consumer Pulse

Consumer Pulse

January 2020

At 82.7 in January 2020, the Consumer Pulse was up 6.3 on last month but down 5.0 on a year ago. While seasonal effects were at play this month – as they usually are in January – a no deal Brexit was avoided, and with almost half of workers expecting a larger pay packet in the coming year, households were more upbeat about the economy and their own finances. The post-Christmas sales also contributed to an improvement in the buying climate – some 34% considered it a good time to purchase big ticket items like furniture and electrical goods compared to 31% in December.

 

Consumer Pulse

January 2020

KEY POINTS

  • Consumer Pulse jumps in January
  • Buying climate improves
  • 47% of workers expecting a pay rise in the next 12 months

Consumer Pulse

January 2020

CONSUMER PULSE

January 2020

82.7

+6.3 on previous index reading

Consumer Pulse

January 2020

”The mood among households throughout the country took a turn for the better in January.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

January 2020

General Economic Situation

Past 12 Months
7%
33%
No Change24%
22%
11%
Balance+2%
(Change on previous reading)+8

Consumer Pulse

January 2020

General Economic Situation

Next 12 Months
4%
23%
No Change29%
28%
10%
Balance-8%
(Change on previous reading)+8

Consumer Pulse

January 2020

Unemployment

Next 12 Months
7%
23%
No Change38%
27%
2%

Consumer Pulse

January 2020

Price of goods and services

Next 12 months

Shape Created with Sketch. 72%
22%
2%

Balance +70%

(-2 on previous reading)

 

Consumer Pulse

January 2020

Finding or changing job

easy 49%
difficult39%

Consumer Pulse

January 2020

Household Financial Situation

Past 12 Months
4%
20%
No Change59%
13%
5%
Balance+3%
(Change on previous reading)+2

Consumer Pulse

January 2020

Household Financial Situation

Next 12 Months
5%
28%
No Change53%
8%
2%
Balance+13%
(Change on previous reading)+7

Consumer Pulse

January 2020

Top Concerns

  • Paying Household Bills 50%
  • Cost of Renting 44%
  • Tax Burden 44%
  • Rising House Prices 38%
  • Reductions in Income 38%

Consumer Pulse

January 2020

pay expectations

Next 12 months

Change Response
Shape Created with Sketch. Increase
>4% 11%
2% to 4% 23%
<2% 13%
Stay more or less the same
46%
Decrease
<2% 1%
2% to 4% 2%
>4% 2%

Consumer Pulse

January 2020

Good time to make major purchases

Yes34%
Neither38%
No23%

Balance +11%

(+9 on previous reading)

 

Consumer Pulse

January 2020

Likelihood of Buying a Car in the Next 12 Months

Likely28%
Unlikely71%

Consumer Pulse

January 2020

Good time to save

Yes75%
No21%

Balance +53%

(+8 on previous reading)

 

Consumer Pulse

January 2020

Likelihood of saving in the next 12 months

Likely74%
Unlikely25%

Balance +49%

(0 on previous reading)