Ireland Consumer Spending

Consumer Spending in Ireland decreased to 20335 EUR Million in the fourth quarter of 2013 from 20456 EUR Million in the third quarter of 2013. Consumer Spending in Ireland is reported by the Central Statistics Office Ireland. Consumer Spending in Ireland averaged 17818.59 EUR Million from 1997 until 2013, reaching an all time high of 21849 EUR Million in the first quarter of 2008 and a record low of 10918 EUR Million in the first quarter of 1997. This page provides - Ireland Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
20335.00 20456.00 21849.00 10918.00 20399.83 | 2014/03 1997 - 2013 EUR Million Quarterly
Constant Prices, SA

TO

Ireland Consumer Spending
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Consumer Last Previous Highest Lowest Forecast Unit
Consumer Confidence 83.10 2014-03-31 85.50 130.90 39.60 83.66 2014-04-30 [+]
Bank Lending Rate 1.60 2014-02-28 1.60 25.00 1.00 1.62 2014-03-31 Percent [+]
Consumer Spending 20335.00 2013-11-15 20456.00 21849.00 10918.00 20399.83 2014-03-31 EUR Million [+]
Disposable Personal Income 134194.00 2012-06-29 131947.00 170389.00 73547.00 132536.18 2012-12-31 EUR Million [+]
Personal Savings 10.04 2012-12-31 11.16 16.16 5.82 9.33 2013-12-31 Percent [+]
Private Sector Credit 267006.00 2014-02-28 267552.00 375927.00 4386.00 264979.41 2014-03-31 EUR Million [+]
Retail Sales MoM -1.54 2014-02-15 1.90 6.53 -14.40 2.39 2014-03-31 Percent [+]
Retail Sales YoY 4.92 2014-02-15 9.40 9.74 -24.53 4.90 2014-03-31 Percent [+]
[+]


Consumer Spending | Notes
Consumer spending, also called consumer consumption or expenditure, is the amount of money that households spend on goods and services in order to satisfy their needs. It is very important measure to check the health of the economy. For example, when the consumer spending is declining it means that the economy is not performing very well. In times of recession governments try to boost consumer spending artificially by expanding tax cuts and money handouts. As a result, households are spending more thus stimulating production and employment.


RELATED NEWS

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Irish Inflation Rate Rises in March  
Irish annual consumer prices rose 0.2 percent in March of 2014, following a 0.1 percent fall in February, mainly due to higher cost of services.
Irish Unemployment Rate Down To 5-Year Low in March  
Ireland’ seasonally adjusted jobless rate fell for the third consecutive month in March of 2014 to 11.8 percent, down from 11.9 percent in the previous month, and 13.7 percent a year earlier.
Ireland Posts € 3 Billion Trade Surplus in January  
Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.
Ireland Inflation Rate Falls to 3-1/2-Year Low  
Irish annual inflation rate dropped to -0.1 percent in February of 2014, from 0.2 percent in the previous month. It is the first time since July of 2010 the inflation rate enters in negative territory.
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Irish GDP contracted by a shocking 2.3 percent in the last quarter of 2013 from the previous three months, hurt by a surge in imports and a fall in consumer spending. Initial estimates showed the economy shrank by 0.3 percent in 2013.
Irish Unemployment Rate Falls Below 12%  
In February of 2014, Ireland’s jobless rate continued its downward trend and fell to 11.9 percent, down from a revised 12 percent in the previous month.
Irish Inflation Rate Stable in January  
In January of 2014, Irish consumer prices remained steady at an annual rate of 0.2 percent. From December to January, the CPI decreased by 0.5 percent. This compares to a decrease of 0.5 percent recorded in January of last year.
Irish Trade Surplus Narrows 12.5% in 2013  
In 2013, Irish trade surplus decreased to € 37.25 billion, down from € 42.54 billion in 2012, hurt by lower exports of medical and pharmaceutical products and a fall in petroleum sales. This is the lowest annual trade surplus since 2008.
Irish Unemployment Down to 12.3% in January  
In January of 2014, Irish jobless rate declined for the eight straight month to 12.3 percent, from 12.4 percent in December last year. A year earlier, unemployment reached 13.8 percent.
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