The KBC Bank consumer sentiment index in Ireland declined slightly to 45.3 in November 2022 from 46.1 in the prior month, amid concerns about job losses in the country's tech sector. Foreign-owned companies employ more than 275 thousand people in Ireland, or one in nine workers, and the survey's authors believe that recent job losses in the large multinational tech sector are adding to consumer caution. " The health of the Irish jobs market in recent years, coupled with reports of significant unfilled vacancies and skill shortages in tech-related areas, is producing a more measured if still material immediate reaction to the spate of job losses seen during the November survey period," the authors said. In September 2022, the consumer mood recorded a 14-year low of 42.1, with concerns about the impact of higher energy cost and rising interest rates dragging down the outlook for household finances. source: KBC Bank Ireland/ESRI

Consumer Confidence in Ireland averaged 85.77 points from 1996 until 2022, 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 December of 2022.

Consumer Confidence in Ireland is expected to be 45.00 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
2022-10-19 11:01 PM Oct 46.1 42.1 41.7
2022-11-20 11:01 PM Nov 45.3 46.1 45
2022-12-15 12:01 AM Dec 45.3 45


Related Last Previous Unit Reference
Consumer Confidence 45.30 46.10 points Nov 2022

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
45.30 46.10 130.90 39.60 1996 - 2022 points Monthly

News Stream
Irish Consumer Morale Weakens in November
The KBC Bank consumer sentiment index in Ireland declined slightly to 45.3 in November 2022 from 46.1 in the prior month, amid concerns about job losses in the country's tech sector. Foreign-owned companies employ more than 275 thousand people in Ireland, or one in nine workers, and the survey's authors believe that recent job losses in the large multinational tech sector are adding to consumer caution. " The health of the Irish jobs market in recent years, coupled with reports of significant unfilled vacancies and skill shortages in tech-related areas, is producing a more measured if still material immediate reaction to the spate of job losses seen during the November survey period," the authors said. In September 2022, the consumer mood recorded a 14-year low of 42.1, with concerns about the impact of higher energy cost and rising interest rates dragging down the outlook for household finances.
2022-11-21
Irish October Consumer Confidence Improves
The KBC Bank consumer sentiment index in Ireland increased for the first time in four months to 46.1 in October 2022 from 42.1 in the prior month, which was the lowest level since October 2008, amid the government's efforts to support household spending in its annual budget. One of the survey’s authors said that recent falls in Irish petrol prices, alongside budget measures supporting household spending power, could have helped Irish consumer sentiment in October. A slight easing in Irish inflation when many consumers were braced for ever-accelerating price pressures could also have contributed to the improvement, he added. The Ireland's annual inflation rate slowed to 8.2% in September of 2022 from 8.7% in August, due to softer rises in energy prices. In September, Ireland’s government announced a budget package of EUR 6.9 billion of permanent spending increases and tax cuts, along with EUR 4.1 billion in one-off measures to help consumers with an inflation shock.
2022-10-20
Irish Consumer Mood Sinks to 14-Year Low
The KBC Bank consumer sentiment index in Ireland plunged to 42.1 in September 2022 from 53.4 in the prior month, the lowest level since October 2008, with concerns about the impact of higher energy cost and rising interest rates dragging down the outlook for household finances. Confidence has dropped in seven of the last eight months, as the country's annual inflation stayed elevated and was not far from its highest in 40 years. One of the survey’s authors said that as was the case when COVID-19 first struck, the reading should not be interpreted as suggesting Irish economic conditions are now as bad as those seen over a decade ago when Ireland required a sovereign bailout. While retail sales have declined in recent months, tax returns have remained exceptionally strong, with unemployment near a 21-year low of 4.3%.
2022-09-22