Consumer Mood Monitor June 2015
Published by: Jimmy Larsen2015.07.21
The latest RED C Consumer Mood Monitor shows a very positive trend in consumer outlook for the Irish economy. Almost 2 in 3 (63%) now believe the Irish economy will fare better in the next 6 months – this is up from 59% in January 2015 and 52% a year ago. Only 7% believe the economy will fare worse in the next 6 months.
In spite of the debt crisis in Greece, we also see an uplift in consumer outlook for the World economy with 82% feeling that the World economy will fare the same or better in the next 6 months.
We are starting to see the economic recovery breaking through on a personal level with almost half (46%) of the population feeling a positive, personal impact of the recovery. Among those who believe in the economic recovery, 3 in 5 (60%) feel a positive impact on personal level.
While the entire country has a positive outlook for the economy, it is however evident that those based in Dublin continue to be more likely to feel a positive, personal impact of this recovery.
The personal impact of the recovery is likely to increase consumer spend, especially for consumer goods and groceries, while holidays continue to have the highest spending intention over the next 6 months.
Download the full report on the latest RED C Consumer Mood Monitor here:
Consumer Mood Monitor – June 2015 – Economic Recovery Breaking through on a Personal Level