Slight rise in consumer sentiment in June

Monday 07 July 2014 12.00
Consumers feel a recovery is underway but are not seeing it have a direct impact on their finances
Consumers feel a recovery is underway but are not seeing it have a direct impact on their finances

Consumer sentiment rose slightly last month but not enough to undo the sharp fall registered in May, according to a new survey.

The KBC Bank Ireland / ESRI Consumer Sentiment Index for June stood at 81.1, up 0.7 points on the May figure.

This is still considerably lower than the April reading, however, when the index stood at 87.2.

According to KBC Bank, the survey shows that many consumers feel a recovery is underway though they have not seen it have a positive impact on their own finances.

It says that while a rise in the index for June is positive, it is clear that consumers are struggling to judge the economic conditions in the country.

The survey highlights consumers’ concerns about the economy as well as the job market, though there were also signs of an improvement in household finances.

This is likely supported by the continuing rise in property prices, according to the bank.