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.

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Ireland Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-08-17 11:01 PM Aug 53.4 53.7
2022-09-21 11:01 PM Sep 42.1 53.4 53.1
2022-10-21 11:01 PM Oct 42.1


Related Last Previous Unit Reference
Consumer Confidence 42.10 53.40 points Sep 2022

Ireland Consumer Confidence
In Ireland, the Consumer Sentiment Index survey covers a minimum of 1,100 households across all regions of the country. The questionnaire assesses respondents’ perceptions on the general economy in the previous 12 months as well as expectations for next 12 months; perceptions of recent trends in unemployment and inflation; recent trends and likely future evolution in the household’s financial situation as well as savings and major purchases intentions. The Consumer Sentiment Index is calculated as the percentage of favourable replies minus the percentage of unfavourable replies, plus 100. The indicator varies on a scale of 0 to 200; a value of 0 indicates extreme lack of confidence, 100 neutrality and 200 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
42.10 53.40 130.90 39.60 1996 - 2022 points Monthly

News Stream
Irish Consumer Mood Sinks to 14-Year Low
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%.
2022-09-22
Irish Consumer Morale Falls to 22-Month Low
The KBC Bank consumer sentiment index in Ireland declined to 53.4 in August 2022 from 53.7 in the previous month, the lowest in 22 months, due to a softer outlook for the jobs market, for household finances over the next 12 months and a larger pullback in spending plans. While confidence is at its lowest point since the onset of the COVID-19 pandemic and with retail sales also falling, strong employment, tax returns and service sector data suggest parts of the economy are coping with near 40-year high inflation.
2022-08-18
Irish Consumer Confidence Drops to 21-Month Low
The KBC Bank consumer sentiment index in Ireland dropped to 53.7 in July 2022 from 57.7 in the previous month, the lowest in 21 months, amid concerns that the worsening economic outlook and soaring prices will hamper households’ finances. The figure compares to 81.9 in January of this year and 84.9 from the corresponding period of the previous year. Still, the gauge measuring consumers’ prospective to conduct major purchases remained high at 83.1, slightly easing from the 84.9 in June.
2022-07-21