The KBC Bank Irish Consumer Sentiment Index rose to 81.4 in December 2019 from 77.1 in the previous month, with the improvement in the sentiment index through November and December representing the largest two month gain in almost five years, which might suggest Irish consumers regard Brexit risks as diminished and somewhat delayed but far from disappeared. All five key elements of the Irish consumer sentiment index recorded stronger readings: general economic outlook (32.3 vs 29.3); outlook for unemployment (64.1 vs 56.4); personal financial situation 12 months ago (97.4 vs 96.3); personal financial situation 12 months ahead (96.4 vs 91.1); and major purchases climate (116.8 vs 112.2). Consumer Confidence in Ireland averaged 87.93 points from 1996 until 2019, 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. source: KBC Bank Ireland/ESRI
Consumer Confidence in Ireland is expected to be 88.00 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 97.00 in 12 months time. In the long-term, the Ireland Consumer Confidence is projected to trend around 105.00 points in 2020, according to our econometric models.