The Credit Union Consumer Sentiment Index climbed to 62.4 in May 2023 from 59.2 in April, reaching the highest level in 14 months as concerns about the increased cost of living and the economic outlook eased further. Hopes for additional government measures to help consumers with price pressures also aided sentiment. Ireland’s economy weakened last year but still posted the fastest growth in the euro zone for 2022, with the finance ministry recently upgrading its growth forecasts for this year. "Confidence is building slowly but surely, though current sentiment readings still signal fragile financial circumstances are weighing heavily on the mood of many Irish consumers," the survey’s authors said. source: KBC Bank Ireland/ESRI

Consumer Confidence in Ireland averaged 85.22 points from 1996 until 2023, 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 2023.

Consumer Confidence in Ireland is expected to be 62.00 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 81.00 points in 2024 and 95.00 points in 2025, according to our econometric models.

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Ireland Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 11:01 PM Apr 59.2 53.9 54.2
2023-05-29 11:01 PM May 62.4 59.2 58.5
2023-06-23 11:01 PM Jun 62


Related Last Previous Unit Reference
Consumer Confidence 62.40 59.20 points May 2023

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
62.40 59.20 130.90 39.60 1996 - 2023 points Monthly

News Stream
Irish Consumer Sentiment Hits 14-Month High
The Credit Union Consumer Sentiment Index climbed to 62.4 in May 2023 from 59.2 in April, reaching the highest level in 14 months as concerns about the increased cost of living and the economic outlook eased further. Hopes for additional government measures to help consumers with price pressures also aided sentiment. Ireland’s economy weakened last year but still posted the fastest growth in the euro zone for 2022, with the finance ministry recently upgrading its growth forecasts for this year. "Confidence is building slowly but surely, though current sentiment readings still signal fragile financial circumstances are weighing heavily on the mood of many Irish consumers," the survey’s authors said.
2023-05-29
Irish Consumer Mood Jumps to 13-Month High
The KBC Bank consumer sentiment index in Ireland jumped to 59.2 in April 2023 from 53.9 in March, rising to its highest level in 13 months, as concerns about personal finances and the broader economy eased significantly. Softer energy prices, expectations that interest rates might not rise as high as previously feared and a positive trend in house prices also helped sentiment. The government rolled out measures such as business supports and energy credits to alleviate financial strains on households. All main components of the index showed month-on-month improvement, with the outlook for employment posting the highest gain. Still, Irish consumers are grappling with elevated levels of inflation, with the country’s annual inflation rate coming in at 7.7% in March.
2023-04-26
Irish Consumer Morale Falls to 3-Month Low
The KBC Bank consumer sentiment index in Ireland declined to a three-month low of 53.9 in March 2023 from February’s eight-month high of 55.6, amid rising inflation and growing uncertainty in the global economy. The index was still ahead of September's 14-year low of 42.1, but well below the 77.0 recorded in February 2022, before Russia's invasion of Ukraine. The annual inflation rate in Ireland accelerated to a three-month high of 8.5% in February from 7.8% in January, due mainly to rises in prices of housing, water, electricity, gas and other fuels. The survey's authors said the slight decline in sentiment emphasised the major pressures household finances remain under rather than suggesting a dramatic change in mood.
2023-03-24