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Consumer Pulse

Consumer Pulse

September 2022

At 42.1 in September 2022, the Consumer Pulse was down 6.3 on August’s print and 38.9 lower than a year ago. Households were more apprehensive about the economy and job prospects this month, and with energy bills for all and mortgage repayments for some on the rise, they were gloomier about their personal finances too. One in three is just managing to make ends meet according to September’s survey, though this varies across the income distribution – the figure for households at the bottom end was 53% for example, compared with 16% for those at the top end.

Consumer Pulse

September 2022

KEY POINTS

  • Consumer Pulse drops in September
  • Weakest reading on record
  • Cost of living squeeze ongoing

Consumer Pulse

September 2022

CONSUMER PULSE

September 2022

42.1

-6.3 on previous index reading

Consumer Pulse

September 2022

“A broad-based pullback saw the Consumer Pulse hit a fresh low in September.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

September 2022

General Economic Situation

Past 12 Months
2%
6%
No Change8%
34%
49%
Balance-61%
(Change on previous reading)-2

Consumer Pulse

September 2022

General Economic Situation

Next 12 Months
2%
10%
No Change10%
32%
42%
Balance-51%
(Change on previous reading)-6

Consumer Pulse

September 2022

Unemployment

Next 12 Months
17%
31%
No Change34%
13%
3%

Consumer Pulse

September 2022

Price of goods and services

Next 12 months

Shape Created with Sketch. 87%
9%
2%

Balance +85%

(+8 on previous reading)

 

Consumer Pulse

September 2022

Household Financial Situation

Past 12 Months
3%
10%
No Change34%
34%
18%
Balance-27%
(Change on previous reading)-5

Consumer Pulse

September 2022

Household Financial Situation

Next 12 Months
4%
13%
No Change20%
36%
26%
Balance-34%
(Change on previous reading)-13

Consumer Pulse

September 2022

Good time to make major purchases

Yes13%
Neither33%
No50%

Balance -37%

(-3 on previous reading)

 

Consumer Pulse

September 2022

Good time to save

Yes63%
No34%

Balance +29%

(-5 on previous reading)

 

Consumer Pulse

September 2022

Likelihood of saving in the next 12 months

Likely61%
Unlikely38%

Balance +23%

(-8 on previous reading)