The KBC bank consumer sentiment index in Ireland increased to 89.9 in May 2019 from 87.7 in the previous month, as consumers weighed up the implications of a delayed Brexit in circumstances where an improving jobs market may be delivering gains in household spending power. Three of the five components of the sentiment index increased: outlook for unemployment (81.8 vs 73.2); index of consumer expectations (76.0 vs 70.6); and personal financial situation 12 months ahead (104.5 vs 103.9). On the other hand, the index of current conditions declined to 110.6 from 113.1; and the gauge measuring personal financial situation 12 months ago dropped to 102.3 from 105.5. Consumer Confidence in Ireland averaged 88.14 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.