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.

Consumer Sentiment falls in September


The overall KBC Ireland/ESRI Consumer Sentiment Index decreased from 101.1 in August to 100.6 this month. The 3-month moving average...  



Irish Consumers a Little More Nervous in July


The overall KBC Ireland/ESRI Consumer Sentiment Index decreased from 102.8 in June to 99.7 this month. The 3-month moving average...  



Irish Consumer Sentiment increases in June


Irish Consumer Sentiment reaches nine year high in June The overall KBC Ireland/ESRI Consumer Sentiment Index increased from 98.5 in...  



Irish Consumer Sentiment Holds Steady in May


The overall KBC Ireland/ESRI Consumer Sentiment Index decreased marginally from 98.7 in April to 98.5 this month. The 3-month moving...  



Irish Consumers Stay Positive In April


The overall KBC Ireland/ESRI Consumer Sentiment Index increased in April to 98.7 from 97.8 in March. The 3-month moving average...  



Dublin Consumer Sentiment, Quarter 1, 2015


The Consumer Sentiment Index for Dublin increased in the first quarter of 2015 to 148.9 from 132.1 in the final...  



Irish Consumer Confidence Remains on Positive Trend


Sentiment improves in March after February decline The overall KBC Ireland/ESRI Consumer Sentiment Index increased in March to 97.8 from...  



Consumer Sentiment Falls in February


Irish consumers a little more cautious in February The overall KBC Ireland/ESRI Consumer Sentiment Index decreased in February to 96.1...  



Consumer Sentiment Improves Again in January


The overall KBC Ireland/ESRI Consumer Sentiment Index increased in January to 101.1 from 90.5 in December. The 3-month moving average...  



Consumer Sentiment Improves in December


The overall KBC Ireland/ESRI Consumer Sentiment Index increased in December to 90.5 compared to 85.3 in November. The 3-month moving...  





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