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 also increased this month from 100.5 in September to 101.0.
Commenting on the results Daniel Foley, ESRI, said:
“The overall sentiment index for October shows a marginal increase, suggesting a continued improvement in consumer sentiment. The 3 month moving average for the main indices increased this month supporting the underlying positive trend.”
“Although overall sentiment increased, the Index of Current Economic Conditions fell moderately this month. This result is primarily driven by a worsening perception of the current buying climate.”
"The Index of Consumer Expectations increased this month, driven mainly by improved optimism in regard to future personal finances. The results indicate however, caution amongst consumers. The component which asks about future employment prospects declined again in October, perhaps driven by global economic concerns.”