The Consumer Sentiment Index in Ireland jumped 6.7 points to 93.1 in March 2019 from an over four-year low of 86.5 in the previous month, suggesting the mood has not become apocalyptic as the Brexit deadline comes closer. The consumer expectations sub-index climbed 10.9 points to 75.0 due to an improvement in consumers’ perceptions of their future financial situation (up 15.2 points to 111.6), their economic outlook for the country as a whole (up 7.1 points to 67.0) and employment expectations (up 11.2 points to 91.0). Meanwhile, the current conditions sub-index was little-changed at 114.4 as an increase in households’ perspectives of their own current financial situation strengthened (up 2.9 points to 93.4) was undermined by a decline in views of major household purchases (down 1.7 points to 131.7). Consumer Confidence in Ireland averaged 88.13 Index Points from 1996 until 2019, 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 91.00 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 99.00 in 12 months time. In the long-term, the Ireland Consumer Confidence is projected to trend around 105.00 Index Points in 2020, according to our econometric models.