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Consumer Pulse

Consumer Pulse

December 2019

At 76.4 in December 2019, the Consumer Pulse was more or less flat on the month but down 12.9 on a year ago. Households’ assessment of the general economic situation and their personal finances was little changed this month, as they waited to see where the Brexit process goes next. The buying and savings climate also held steady, with three in ten considering it a good time to purchase big ticket items such as furniture and electrical goods, while 74% indicated that they are likely to put some money aside over the coming year.

 

Consumer Pulse

December 2019

KEY POINTS

  • Consumer Pulse moves sideways in December
  • Households remain cautious
  • Especially about the economy

Consumer Pulse

December 2019

CONSUMER PULSE

December 2019

76.4

+0.4 on previous index reading

Consumer Pulse

December 2019

”Households were in ‘wait and see’ mode this month, sitting tight as the UK electorate headed to the polls.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

December 2019

General Economic Situation

Past 12 Months
5%
29%
No Change26%
22%
14%
Balance-6%
(Change on previous reading)-1

Consumer Pulse

December 2019

General Economic Situation

Next 12 Months
3%
20%
No Change29%
29%
14%
Balance-16%
(Change on previous reading)0

Consumer Pulse

December 2019

Unemployment

Next 12 Months
9%
28%
No Change33%
24%
2%

Consumer Pulse

December 2019

Price of goods and services

Next 12 months

Shape Created with Sketch. 73%
22%
1%

Balance +72%

(+3 on previous reading)

 

Consumer Pulse

December 2019

Household Financial Situation

Past 12 Months
6%
18%
No Change53%
15%
7%
Balance+1%
(Change on previous reading)-1

Consumer Pulse

December 2019

Household Financial Situation

Next 12 Months
7%
21%
No Change54%
11%
5%
Balance+6%
(Change on previous reading)-2

Consumer Pulse

December 2019

Top Concerns

  • Paying Household Bills 55%
  • Cost of Renting 46%
  • Tax Burden 45%
  • Rising House Prices 43%
  • Reductions in Income 42%

Consumer Pulse

December 2019

Good time to make major purchases

Yes31%
Neither34%
No29%

Balance +2%

(+3 on previous reading)

 

Consumer Pulse

December 2019

Good time to save

Yes71%
No26%

Balance +45%

(0 on previous reading)

 

Consumer Pulse

December 2019

Likelihood of saving in the next 12 months

Likely74%
Unlikely25%

Balance +49%

(+1 on previous reading)