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Consumer Pulse

Consumer Pulse

June 2022

The Consumer Pulse came in at 51.3 in June 2022, down 4.1 on May and 24.8 lower than a year ago. The series posted its joint second lowest reading this month, with households taking a more downbeat view of the economy in particular. And as consumer price inflation has accelerated, so has the share of households reporting that they are ‘just making ends meet’. This stood at a third in June’s survey (up from a quarter at the start of the year), albeit with some dispersion – the figure for those at the lower end of the income distribution was 51% versus 14% at the upper end.

Consumer Pulse

June 2022

KEY POINTS

  • Consumer Pulse down in June
  • Households gloomier about the economy
  • Income squeeze

Consumer Pulse

June 2022

CONSUMER PULSE

June 2022

51.3

-4.1 on previous index reading

Consumer Pulse

June 2022

“Last month’s rally proved to be short-lived, with the Consumer Pulse backpedalling in June.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Consumer Pulse

June 2022

General Economic Situation

Past 12 Months
3%
8%
No Change8%
33%
48%
Balance-58%
(Change on previous reading)-8

Consumer Pulse

June 2022

General Economic Situation

Next 12 Months
3%
13%
No Change12%
33%
37%
Balance-44%
(Change on previous reading)-7

Consumer Pulse

June 2022

Unemployment

Next 12 Months
12%
22%
No Change33%
24%
5%

Consumer Pulse

June 2022

Price of goods and services

Next 12 months

Shape Created with Sketch. 86%
11%
2%

Balance +84%

(-2 on previous reading)

 

Consumer Pulse

June 2022

Household Financial Situation

Past 12 Months
3%
12%
No Change35%
32%
17%
Balance-24%
(Change on previous reading)-8

Consumer Pulse

June 2022

Household Financial Situation

Next 12 Months
6%
19%
No Change28%
26%
20%
Balance-17%
(Change on previous reading)0

Consumer Pulse

June 2022

Good time to make major purchases

Yes18%
Neither35%
No43%

Balance -25%

(-9 on previous reading)

 

Consumer Pulse

June 2022

Good time to save

Yes64%
No33%

Balance +31%

(-2 on previous reading)

 

Consumer Pulse

June 2022

Likelihood of saving in the next 12 months

Likely66%
Unlikely33%

Balance +32%

(0 on previous reading)