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Consumer sentiment rallies, but business mood unchanged

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The latest Bank of Ireland Economic Pulse came in at 82.7 in May. The index, which combines the results of the Consumer and Business Pulses, was up 1.4 on last month but 6.8 lower than a year ago.

But the mood among firms was little changed, with three in five still saying that they are finding it difficult to predict the future development of their business situation at present.

22% of consumers considered it a good time to purchase big ticket items like furniture and electrical goods, up from 19% in April. However the amount of firms expecting to raise their selling prices in the near term eased to 64% from 67% in April. The share of survey respondents expecting house prices to increase by more than 5% over the coming year decreased down this month to 41% from 44% in April.

 

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