The KBC Bank consumer sentiment index in Ireland declined to 74.9 in December of 2021 from 83.1 in the prior month. This was the weakest reading in ten months and the biggest monthly drop since January, as concerns around COVID-19 and the cost of living intensified. All five main elements of the survey deteriorated, with the jobs element falling most. The downgrades to the broader economic outlook and consumer views as to how their household finances had developed in the past year were broadly similar. "However, we don't think the December reading suggests the Irish consumer is in freefall," said KBC Ireland chief economist Austin Hughes. "The drop in confidence might be interpreted as pointing towards an uneven and possibly sluggish or subdued Christmas rather than a slump in spending." source: KBC Bank Ireland/ESRI
Consumer Confidence in Ireland averaged 86.79 points from 1996 until 2021, 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 January of 2022.
Consumer Confidence in Ireland is expected to be 77.00 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.