Consumer Confidence in Ireland increased to 57.70 points in June from 55.20 points in May of 2022. source: KBC Bank Ireland/ESRI

Consumer Confidence in Ireland averaged 86.37 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 June of 2022.

Consumer Confidence in Ireland is expected to be 53.70 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
2022-05-25 11:01 PM May 55.2 57.7 59.5
2022-06-23 01:01 AM Jun 57.7 55.2 53.7
2022-07-22 11:01 PM Jul 57.7

Related Last Previous Unit Reference
Consumer Confidence 57.70 55.20 points Jun 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
57.70 55.20 130.90 39.60 1996 - 2022 points Monthly

News Stream
Irish Consumer Confidence Falls for 4th Month
The KBC Bank consumer sentiment index in Ireland dropped to 55.2 in May 2022 from 57.7 in April, falling for the fourth straight month amid growing concerns over the rising cost of living and a possible global recession. This was the weakest reading since April 2020 at the height of the Covid-19 pandemic. Meanwhile, the decline in May decelerated from the sharp falls in the preceding two months, which the survey’s authors attributed to consumers already being braced for a lot of bad economic news. "Encouragingly, the one element of the survey that showed an improvement in May compared to April was the buying climate," KBC Ireland chief economist Austin Hughes said. "Although this owed something to the exceptional scale of the pull-back in this element in recent months, it could also hint at some resilience as well as resources that mean Irish consumers will slow rather than stop spending in coming months,” he added.
Irish Consumer Sentiment Falls to 1-1/2-Year Low
The KBC Bank consumer sentiment index in Ireland tumbled to 57.7 in April of 2022 from 67.0 in the prior month. This was the weakest reading since October 2020 and the second successive sharp monthly drop as concerns about living costs that hurt the macroeconomic outlook in March spread into a weakening of spending plans in April. The index stands significantly below the long-term average of 86.6 and the cumulative 24 point decline since Irish inflation began climbing sharply over the last three months was the second largest in the 26-year history of the survey, mainly due to a surge in energy costs and rising food prices. “A more threatening development was a marked pull-back in consumer spending plans. The April ’22 purchasing climate is the weakest since the COVID-closedown related results for April and May 2020 and among the lowest on record for this component,” KBC Ireland chief economist Austin Hughes said.
Irish Consumer Morale Weakens in February
The KBC Bank consumer sentiment index in Ireland declined to 77.0 in February 2022 from 81.9 in the previous month, as concerns about inflation and the Ukraine crisis mounted. Annual Irish inflation hit a 20-year high of 5.5% in December, while residential property prices posted their highest annual growth in over six years. "Irish consumer confidence buckled on increasing worries around living costs in general and housing costs in particular while emerging fears around the conflict in Ukraine more than outweighed easing COVID concerns," said KBC Ireland chief economist Austin Hughes. Among five main elements, the subindex of the general economic outlook saw the most decline, with twice as many consumers surveyed expecting it to weaken as expect it to strengthen. Meanwhile, the employment subindex improved, amid signs of strength in the jobs market.