The KBC Bank consumer sentiment index in Ireland plunged to 42.1 in September 2022 from 53.4 in the prior month, the lowest level since October 2008, with concerns about the impact of higher energy cost and rising interest rates dragging down the outlook for household finances. Confidence has dropped in seven of the last eight months, as the country's annual inflation stayed elevated and was not far from its highest in 40 years. One of the survey’s authors said that as was the case when COVID-19 first struck, the reading should not be interpreted as suggesting Irish economic conditions are now as bad as those seen over a decade ago when Ireland required a sovereign bailout. While retail sales have declined in recent months, tax returns have remained exceptionally strong, with unemployment near a 21-year low of 4.3%. source: KBC Bank Ireland/ESRI
Consumer Confidence in Ireland averaged 86.26 points from 1996 until 2022, reaching an all time high of 130.90 points in January of 2000 and a record low of 39.60 points in July of 2008. This page provides the latest reported value for - Ireland Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Consumer Confidence in Ireland is expected to be 91.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Consumer Confidence is projected to trend around 101.00 points in 2023 and 104.00 points in 2024, according to our econometric models.