Consumer Sentiment Index Survey Results June 2024
The pre-release notification embargoed until June 2024 reveals the Credit Union Consumer Sentiment Index partnership with Core Research. The survey results from June '24, May '24, Apr '24, and June '23 show various consumer sentiment metrics such as the index of current conditions, consumer expectations, general economic outlook, outlook for unemployment, personal financial situation, and major purchases. It also delves into income versus living costs, living standards during the cost-of-living crisis, and the difficulty faced by households due to living costs. Additionally, it examines how households compare their income to regular expenses and their comfort levels with income relative to expenses.
Uploaded on Feb 16, 2025 | 0 Views
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
JUNE 2024 PRE-RELEASE NOTIFICATION EMBARGOED UNTIL 00.01AM CREDIT UNION CONSUMER SENTIMENT INDEX IN PARTNERSHIP WITH CORE RESEARCH JUNE 2024
CREDIT UNION CONSUMER SENTIMENT INDEX IN PARTNERSHIP WITH CORE RESEARCH JUNE 2024
Consumer Sentiment Index Survey Results June'24 May'24 Apr'24 June'23 70.5 65.7 67.8 63.7 Consumer Sentiment Index Index of Current Conditions 84.9 80.7 82.0 72.1 60.9 55.7 58.4 58.1 Index of Consumer Expectations General Economic Outlook 31.1 27.6 29.0 28.8 61.4 61.5 59.6 63.9 Outlook for Unemployment Personal Financial Situation 12 Months Ago 76.4 70.5 76.4 65.7 90.1 78.1 86.5 81.7 Personal Financial Situation 12 Months Ahead Major Purchases 93.4 91.0 87.6 78.4
Income vs. living costs In the past two years At present Our household income was/is .. 7% 7% much higher than our regular expenses 10% 10% 33% 33% a little higher than our regular expenses 32% 32% about the same as our regular expenses 32% 32% 36% 36% a little lower than our regular expenses 18% 18% 15% 15% much lower than our regular expenses 9% 9% 9% 9% In the past two years In the past two years At present At present Q: In the past two years during the cost Q: In the past two years during the cost- -of of- -living crisis, how would you describe your household's living standards? living crisis, how would you describe your household's living standards? Q: At present, how does your household income compare to your regular household expenses? Q: At present, how does your household income compare to your regular household expenses? Base: Adults 18+yrs in Ireland n=1,000 Base: Adults 18+yrs in Ireland n=1,000
Living costs causing the most difficulty for households 36% 22% 19% 6% 5% 2% 2% 2% 2% 1% 1% 1% Q. Q. Which of the following living costs is causing Which of the following living costs is causing the most Base: All who say they have some level of difficulty with living costs the most difficulty for your household at present? difficulty for your household at present?
Income vs. living costs Comfortable, Coping or Clinging On? Comfortable, Coping or Clinging On? Our household income is .. 7% 7% much higher than our regular expenses 40% 33% 33% a little higher than our regular expenses about the same as our regular expenses 36% 36% a little lower than our regular expenses 15% 15% 24% much lower than our regular expenses 9% 9% Q: At present, how does your household income compare to your regular household expenses? Q: At present, how does your household income compare to your regular household expenses? Base: Adults 18+yrs in Ireland n=1,000 Base: Adults 18+yrs in Ireland n=1,000
What area of living costs is causing most difficulty for your household at present? Energy bills 31% Grocery bills 19% Housing costs (i.e rent. Mortgage) 16% No difficulties at present 13% Healthcare costs 5% Loan repayments 4% Entertainment (eg going out, holidays etc) 2% Childcare costs 2% Credit card payments 2% Clothing 1% Subscriptions (e.g. Netflix, Disney+) 1% Other 1% Unsure/ don t know 2%
