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Sunday 29 November 2020
New figures today also show an increase of 6.4% in retail sales over the course of the year.
The 8-year high in consumer sentiment recorded in September didn’t last long.
Customer sentiment is higher than it has been since January 2007.
Latest customer sentiment survey down last month after hitting a seven-year high in July.
Irish consumers are still overwhelmingly negative about their personal finances, with many unconvinced of the impact of the economic recovery.
However, a Red C/Sunday Business Post survey today also reveals that 41% a third are comfortable.
KBC Bank’s consumer sentiment survey tumbled last month, with the election blamed for widespread bad humour.
The Your Dublin, Your Voice survey is the fifth of of its kind and set out to find how Dubliners are feeling about their current financial situation.
The chief economist at KBC Bank Ireland said it likely reflects a normal ebb and flow in the data and we shouldn’t be too worried.
The report says that Irish consumers are increasingly confident in the Irish economy.
It appears that our bailout exit made consumers feel more confident about their own financial situation too.
The KBC/ESRI consumer confidence survey rose again in October.
The supermarket giant has said that like-for-like sales have fallen by three per cent in the first 13 weeks of this year.
The marginal increase comes amid concerns about the looming property tax and cuts to pay outlined in the Croke Park II deal.
Pressures on household finances and high-profile job losses contributed to the weakening of consumer sentiment in February.
A significant drop in December took economists by surprise but confidence levels now appear to have stabilised.
Hot beverages and home and giftware sectors saw noticeable increases while furniture and flooring suffered losses.
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December’s index saw the largest one month point decline in seventeen years.
Good news for retailers from the evidence so far on St Stephen’s Day says the retail representative body.
The KBC Bank Ireland/ESRI index shows a small amount of growth with sentiment at 63.8 in November compared to 60.9 in October.
How old is the Phoenix Park? And how many TDs could face sanction for failing to declare pay-offs?
Is the talk of possible tax hikes and benefit cuts in next month’s Budget affecting how you spend your money right now?
Concerns over the eurozone and the upcoming Budget are hitting companies expansion plans, say KBC Ireland/Chartered Accountants Ireland
Experts said speculation around the budget and potential cuts to social welfare and health contributed to the decline.
KBC Bank Ireland said influences such as the EU summit on Ireland’s bank debt, the ECB rate cut and the latest Troika review likely impacted on sentiment.
However consumers unlikely to step up their spending, as just 12 per cent believe their financial situation will improve in the coming year.
But people’s expectations about jobs and household finances have improved slightly.
KBC/ESRI consumer sentiment index rose slightly in April for the fourth month in a row.
Consumer sentiment has risen for the third month in a row and is now at its highest level since last October according to the KBC Bank/ESRI
The latest consumer sentiment index indicates that heightened concerns over the eurozone last month have eased somewhat.
Many stores face going out of business in 2012, according to the chief executive of Retail Excellence Ireland.
In tonight’s fix: Calls to negotiate a second bailout, Gardaí investigate woman’s death in nursing home, and which celebrity chef has been a very naughty boy?
The KBC/ESRI index has shown that Irish consumer sentiment fell considerably in December.
Irish consumers became more positive in October, apparently finding more reasons to be optimistic about the economic outlook.
5 minutes, 5 stories, 5 o’clock…
Sentiment in Ireland didn’t fall as much as among other Europeans or in the US – possibly because of an already-poor outlook here.
TheJournal.ie reporters have been quizzing those in the know to describe the potential fallout of a Greek debt default on Ireland’s economic, social and political scene…
The KBC/ESRI Consumer Sentiment Index is virtually unchanged, but shows a worrying emerging trend in the medium term.
Figures from Visa show that European consumers increased spending by 2.5 per cent in Q2… but that bailed out states were down.
THE GOVERNMENT ANNOUNCED last night that Ireland will return to Level 3 restrictions (with some variations) for the month of December.
It follows six weeks of Level 5 restrictions, and the new guidelines will allow people to be a bit more social and for businesses to open ahead of Christmas, offering a sense of relief to many after a tough year.
But although Covid-19 cases have reduced in recent weeks, there are worries that going back to Level 3 now will inevitably lead to a rise in cases again and that we’ll face tighter restrictions again in the new year.
So today, we want to know: Do you agree with the Government’s decision to reduce Ireland’s Covid-19 restrictions to Level 3?
Poll Results:
Share your story: voices@thejournal.ie
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