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.

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Ireland Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-11-23 12:01 AM Nov 83.1 86.8 87.5
2021-12-22 12:01 AM Dec 74.9 83.1 88
2022-01-24 12:01 AM Jan 74.9 75.5


Related Last Previous Unit Reference
Consumer Confidence 74.90 83.10 points Dec/21

News Stream
Irish Consumer Mood Lowest in 10 Months
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."
2021-12-22
Irish Consumer Sentiment Falls to 7 Month-Low
The KBC Bank consumer sentiment index in Ireland declined to a seven-month low of 83.1 in November of 2021 from 86.8 in the prior month, with the outlook for the general economy and jobs deteriorating, amid worries over higher energy bills, a surge in COVID-19 infections, and problems in Ireland's housing market. KBC Ireland chief economist Austin Hughes said the November reading does not point to a markedly poorer outlook but suggests that consumers fear improvements in their household finances might fall short of expectations.
2021-11-23
Irish Consumer Sentiment Holds Strong
The KBC Bank consumer sentiment index in Ireland came in at 86.8 in October of 2021, little-changed from 86.4 in September, hovering just below a 2-year high of 87.2 reached in June, as respondents reported growing confidence about the economic recovery but lingering concerns about their personal finances. "The dominant mood appears to be one of continuing caution born out of uncertainty and experience rather than runaway confidence that would reflect a view that the worst is behind us," said KBC Ireland chief economist Austin Hughes.
2021-10-21

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.