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.