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Consumer Pulse

Consumer Pulse

June 2019

The Consumer Pulse stood at 90.6 in June 2019, up 1.8 on last month but down 8.3 on a year ago. Households took a more positive view of the current economic situation and their personal finances this month, with buying sentiment also ticking up a notch. Good news on the jobs and earnings fronts – including employment hitting a record high and wage growth continuing apace – looks to have provided some comfort, whereas political developments in the UK and what these might mean for the Brexit process prompted households to downgrade their assessment of the economy’s prospects.

Consumer Pulse

June 2019

KEY POINTS

  • Consumer Pulse rises in June
  • 37% think it is a good time to buy big ticket items
  • Households cautious about the economic outlook

Consumer Pulse

June 2019

CONSUMER PULSE

June 2019

90.6

+1.8 on previous index reading

Consumer Pulse

June 2019

“Households were more upbeat about the here and now this month but remain worried about where the economy is going next.”

 

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

June 2019

General Economic Situation

Past 12 Months
11%
43%
No Change25%
14%
6%
Balance+20%
(Change on previous reading)+9

Consumer Pulse

June 2019

General Economic Situation

Next 12 Months
5%
32%
No Change28%
22%
9%
Balance+1%
(Change on previous reading)-4

Consumer Pulse

June 2019

Unemployment

Next 12 Months
5%
22%
No Change36%
33%
3%

Consumer Pulse

June 2019

Price of goods and services

Next 12 months

Shape Created with Sketch. 74%
22%
1%

Balance +73%

(+1 on previous reading)

 

Consumer Pulse

June 2019

Household Financial Situation

Past 12 Months
6%
23%
No Change56%
10%
4%
Balance+9%
(Change on previous reading)+3

Consumer Pulse

June 2019

Household Financial Situation

Next 12 Months
6%
31%
No Change51%
8%
2%
Balance+15%
(Change on previous reading)+3

Consumer Pulse

June 2019

Top Concerns

  • Paying Household Bills 49%
  • Cost of Renting 46%
  • Tax Burden 41%
  • Rising House Prices 39%
  • Reductions in Income 34%

Consumer Pulse

June 2019

Good time to make major purchases

Yes37%
Neither40%
No19%

Balance +18%

(+1 on previous reading)

 

Consumer Pulse

June 2019

Good time to save

Yes75%
No23%

Balance +52%

(+5 on previous reading)

 

Consumer Pulse

June 2019

Likelihood of saving in the next 12 months

Likely74%
Unlikely26%

Balance +48%

(+2 on previous reading)