Investor Presentaiton
Irish economic data supports improved
outlook
Economic & Housing Pulse indices above
pre-pandemic levels
Bank of Ireland 2021 Interim Results - Debt Investor Presentation
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100-
80
60
20
40
20
Jan 20
Apr 20
Jul 20
Oct 20
Jan 21
Apr 21
Jul 21
Economic
Housing
650,000-
550,000-
450,000-
Pandemic Unemployment Payment
(PUP) recipients; 68% below peak
350,000-
250,000-
150,000
Apr 20
Jul 20
Oct 20
Jan 21
Apr 21
Jul 21
5
Economic sentiment rebounds as economy reopens;
housing market sentiment particularly strong
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Bank of Ireland Economic Pulse at 89.3 in July, ahead of its
pre-pandemic level of 86.4 in Feb 2020
While the ongoing reopening has lifted business sentiment,
Pulse data show that costs are now rising for three in five
firms
House prices rose by +5.5% y/y in May, the fastest pace of
growth in over two years, underpinned by the mismatch
between supply and demand
Pulse data shows 4 in 5 households expect further house
price gains over the coming year
The number of recipients of the Irish government's PUP has
reduced for 24 successive weeks (to late-July) as the economy
reopens
Pent-up demand and elevated savings fuelling increased
consumer spending; volume of retail sales in June was 13.4%
above the same month in 2019
Consumer spending expected to recover further as
restrictions around activity continue to ease
Pulse data shows a third of households expect their
financial situation to improve in the next 12 months
Sources: Bank of Ireland Economic Pulse; Department of Social Protection
1 The Bank of Ireland Economic Pulse is based on a series of monthly surveys of households and firms in Ireland which cover a wide range
of topics including the economy, their financial situation, spending plans, house price expectations, business activity and hiring intentions.
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