B&A Consumer Confidence Tracker June 2015
While signs of optimism surround us on a macro level, consumers are still cautious and feel that their personal finances and ability to save will not improve during the oncoming year.
Macro-level indicators continue to shine light on Irelands’ recovery: the number of Live Register claimants has fallen, employment figures have risen and confidence in the economy looking forward has hit an all-time high.
Dubliners continue to be significantly more positive about the macro economy vs. those outside the capital. However, this wave also saw confidence in the Irish economy for the forthcoming year stall in Dublin (albeit remain in positive territory).
Overall, the number of adults agreeing that the economy will improve during the oncoming year has risen by 3% points to 36% compared the previous quarter. Just 1 in 5 (21%) feel that the economy will be worse off in one years’ time (-5% points vs. February this year).
However, the picture is one of caution at a micro consumer level. Overall perceptions of personal finances for the year ahead has dropped this wave compared to last and remains in negative territory: less than 1 in 10 feel that they are better off nowadays compared to last year.
Similarly, propensity to save throughout the oncoming year has dropped this wave, particularly so for those living outside Dublin.
Read more in our latest Consumer Confidence Tracker.