The KBC Bank Ireland/ESRI Consumer Sentiment Index was 96.5 in December 2018, unchanged from the previous month. While consumers experienced a significant improvement in current conditions (119.2 vs 114.6), this was offset by a loss of confidence in terms of future expectations (81.2 vs 84.3) amid uncertainty surrounding Brexit negotiations as the likelihood of a No-Deal scenario rises. Consumer Confidence in Ireland averaged 88.08 Index Points from 1996 until 2018, reaching an all time high of 130.90 Index Points in January of 2000 and a record low of 39.60 Index Points in July of 2008.
Consumer Confidence in Ireland is expected to be 95.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Ireland to stand at 106.00 in 12 months time. In the long-term, the Ireland Consumer Confidence is projected to trend around 103.00 Index Points in 2020, according to our econometric models.