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.

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Ireland Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
81.40 77.10 130.90 39.60 1996 - 2019 points Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-09 11:00 PM Aug 77.2 85.5 86
2019-11-05 01:01 AM Oct 69.5 75.3 75.9
2019-12-09 12:01 AM Nov 77.1 69.5 72
2020-01-10 12:01 AM Dec 81.4 77.1 77.7
2020-02-07 12:01 AM Jan 81.4 82


News Stream
2019-12-09
Irish Consumer Morale Improves from 6-Year Low
The KBC Bank Irish consumer sentiment index increased to 77.1 in November 2019 from the six-year low of 69.5 recorded in October, as the reduced risks of a ‘crash-out’ Brexit and the reality of a still healthy Irish economy provided some relief from recent gloom. All five main elements of the index posted sharp monthly gains in November: general economic outlook (29.3 vs 20.4); outlook for unemployment (56.4 vs 51.2); personal financial situation 12 months ago (96.3 vs 89.1); personal financial situation 12 months ahead (91.1 vs 79.9); and major purchases (112.2 vs 107.1).

2019-11-05
Ireland Consumer Morale Weakest Since 2013
The KBC Bank Irish consumer sentiment index fell for a fourth straight month to 69.5 in October 2019 from 75.3 in the previous month. That was the weakest reading since August 2013, reflecting continuous nervousness around Brexit and disappointment with Budget 2020. Sentiment deteriorated for the general economic outlook (20.4 vs 22.5 in September); unemployment (51.2 vs 51.1); consumer expectations (50.5 vs 54.1); and personal financial situation (89.1 vs 97.1) and major purchases (107.1 vs 116.9).

2019-10-07
Irish Consumer Sentiment Falls to 6 Year-Low
The KBC Consumer Sentiment Index in Ireland fell to 75.3 in September 2019, the lowest since November 2013, from 77.2 in the previous month. That was the third straight month of decline in morale, as concerns about a chaotic Brexit made consumers more nervous about the outlook for the Irish economy in general and their personal finances in particular. Four of the five main components of the index declined: general economic outlook (22.5 vs 25.7 in August); unemployment outlook (51.1 vs 54.0); household finances in the past 12 months (97.1 vs 99.7); and household finances over the next 12 months (88.7 vs 91.7). Meanwhile, consumers’ assessment of the buying climate rose marginally (116.9 vs 115.1).

2019-09-09
Irish Consumer Confidence Plummets to 70-Month Low
The KBC Bank Irish consumer sentiment index fell to 77.2 in August 2019 from 85.5 in the previous month. That was the weakest reading since November 2013, largely due to Brexit-related risks, as the outlook for the Irish economy deteriorated materially on a clearly increased threat that the UK could crash out of the EU without a deal. The fall was broadly based with all of the five main elements of the sentiment index recording weaker readings: general economic outlook (25.7 from 33.2); outlook for unemployment (54.0 from 70.9); household finances in the past 12 months (99.7 from 105.8); expectations for household finances over the next 12 months (91.7 from 99.0); and major purchases (115.1 from 118.9).

2019-08-13
Irish Consumer Morale at Near 5-Year Low
The KBC Bank Irish consumer sentiment index fell to 85.5 in July 2019 from 90.5 in the previous month. That was the weakest reading since November 2014, largely due to Brexit-related risks, as the twelve month outlook for the Irish economy weakened materially on a clearly increased threat that the UK could crash out of the EU within that time frame. Almost mechanically, the risks of weaker economic conditions translated into a more cautious outlook for jobs, while Irish consumers downgraded their expectations for their own personal finances. Meanwhile, consumers’ assessments of how their financial circumstances had evolved through the past twelve months improved.

2019-07-07
Irish Consumer Sentiment Rises to 3-Month High
Consumer confidence in Ireland rose to a three month-high of 90.7 in June from 89.9 in thre previous month, boosted by strong domestic economic data in recent months. Consumers were marginally more positive about the outlook for the Irish economy and jobs and their own household finances in the past twelve months. Meanwhile, household finances over the next twelve months weakened slightly, due to Bexit related uncertainties. "A renewed focus on the risk of a ‘hard Brexit’ from October 31st may see sentiment sour again," KBC Bank Ireland chief economist Austin Hughes said, referring to Britain's current planned EU exit date. "However, in the near term, an element of Brexit fatigue may be causing consumers to switch attention away from such risks to the reality of healthy Irish economic conditions at present."


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.

Ireland Consumer Last Previous Highest Lowest Unit
Consumer Confidence 81.40 77.10 130.90 39.60 points [+]
Retail Sales MoM -3.30 0.40 9.10 -14.40 percent [+]
Retail Sales YoY 1.40 3.00 14.60 -24.50 percent [+]
Consumer Spending 27312.00 27069.00 27312.00 10805.00 EUR Million [+]
Disposable Personal Income 251186.00 233013.00 251186.00 84209.00 EUR Million [+]
Personal Savings 10.70 10.20 15.40 -1.00 percent [+]
Private Sector Credit 164684.00 164799.00 375927.00 4386.00 EUR Million [+]
Bank Lending Rate 0.90 0.90 25.00 0.90 percent [+]
Consumer Credit 13853.00 13858.00 28989.00 10011.00 EUR Million [+]
Gasoline Prices 1.59 1.56 2.24 0.70 USD/Liter [+]
Households Debt To GDP 41.20 41.70 116.30 41.20 percent of GDP [+]
Households Debt To Income 120.66 130.30 209.30 110.79 percent [+]
Consumer Confidence Current Conditions 123.40 118.00 126.80 63.80 [+]
Consumer Confidence Economic Expectations 92.70 88.80 136.40 22.50 [+]