Consumer Sentiment Index

What is the Consumer Sentiment Index?
The Consumer Sentiment Index is a monthly report (electronic) produced jointly by the ESRI and KBC Bank Ireland.

Consumer spending is an important element of economic growth. The National Income and Expenditure Accounts (2000) show that in 2000 the value of personal consumption accounted for 49% of Irish GDP. Trends in this component are therefore very important for forecasting and planning. A gap that exists at present in Ireland is a widely used indicator for consumer sentiment. This contrasts with the situation in both Europe and the US. At present the EU Commission publishes a consumer confidence indicator for Europe, and includes details of Ireland as one of the member states. In the US measures of consumer confidence by the University of Michigan and the Conference Board receive much attention, both domestically within the US but also internationally.

Such indicators have a broader use than solely as an input to model based forecasts. They provide some barometer of consumer sentiment and thus are an additional piece of information that may be used by those analysing, or interested in, the health of the economy.The KBC Bank Ireland/ESRI index of consumer sentiment aims to fill the existing gap in information on the consumer sector. The new index uses monthly data collected by the ESRI for the monthly Consumer Survey and is constructed using a methodology based on international best practice.

Irish Consumer Sentiment Fractionally Higher in April


Analysis by Austin Hughes, Chief Economist, KBC Bank Ireland Irish consumer sentiment improved marginally in April, recovering less than half...  



Dublin Consumer Sentiment Improves In Early 2016 As Consumers Outside The Capital Become More Cautious


The latest quarterly ESRI/KBC Consumer Sentiment Index for Q1 2016, published 28th April, finds that consumer sentiment in the Dublin...  



Irish Consumer Sentiment Significantly Weaker in March


Analysis and press release for KBC Bank Ireland/ESRI Consumer Sentiment Index for March 2016 Survey posts largest monthly drop in...  



Consumer Sentiment falls in February


The overall KBC Ireland/ESRI Consumer Sentiment Index decreased from 108.6 in January to 105.8 this month. The 3-month moving average...  



Sentiment increases in first month of 2016


The overall KBC Ireland/ESRI Consumer Sentiment Index increased from 103.9 in December to 108.6 this month. The 3-month moving average...  



Dublin Consumer Sentiment ends 2015 on a Stronger Note as Confidence Continues to Improve Outside The Capital.


Dublin Consumer Sentiment recovered solidly in the final quarter reversing a good deal of the weakening reported in the previous...  



Consumer Sentiment Increases in December


Full Report The overall KBC Ireland/ESRI Consumer Sentiment Index increased from 103.1 in November to 103.9 this month. The 3-month...  



Consumer Sentiment rises in November


The overall KBC Ireland/ESRI Consumer Sentiment Index increased from 101.3 in October to 103.1 this month. The 3-month moving average...  



Irish Consumer Sentiment Marginally Better in October


The overall KBC Ireland/ESRI Consumer Sentiment Index increased from 100.6 in September to 101.3 this month. The 3-month moving average...  



Dublin Consumers More Cautious as Confidence Improves Slightly Outside the Capital


Consumer Sentiment weakened in Dublin while it improved marginally in the  rest of Ireland in the 3rd quarter of 2015....  





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