Investor Presentaiton
Consumer spending
%
5
4
3.
2-
1.
Spending rose 5.0% Y-o-Y
in Q1 '16
Positive momentum into 2016
Core retail sales up 4.9% Y-o-Y in June
Nearly 100,000 cars sold in H1 2016
Employment and income gains
feeding through
Deleveraging continuing, some
uncertainty from Brexit impact
Consumer
Spending
2016f: 3.8%
2017f: 3.2%
Employment rising
Consumer Spending Growing
%
12
10
8
Economy creating jobs, almost
50,000 new jobs Y-o-Y in Q1 '16
Bank of Ireland Group
Gains broadening out across
sectors and regions
Unemployment rate well below euro
area average, down to 7.8% from a
peak of c.15%
Projected to be below 7%
by end of 2017
Employment
2016f: 2.4%
2017f: 1.9%
Unemployment Falling
0+
2014
2015
2016(f)
6
2017(f)
2014
Ireland Euro Area
2015
2016(f)
Ireland Euro Area
2017(f)
Graph shows year-on-year real consumer spending growth
Source: CSO, Eurostat: Forecasts: Ireland: BOI ERU, Euro area: EU Commission
Graph shows average annual unemployment rate
Source: CSO, Eurostat: Forecasts: Ireland: BOI ERU, Euro area: EU Commission
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