Ireland Consumer Confidence


Ireland: Consumer confidence edges down from almost nine-year high in February

March 10, 2015

The KBC Bank Ireland/ESRI Consumer Sentiment Index decreased from 101.1 points in January, which had marked the highest level since February 2006, to 96.1 points in February. February’s result reflects moderations in both consumers’ perceptions of the current economic environment and their outlook for the Irish economy. The deterioration was broad-based, with most subcategories performing worse over the previous month. Particularly, compared to the previous month, consumers were less positive about their personal financial situations in the past and the next 12 months, the general economic outlook and major purchases. Conversely, they assessed the outlook for unemployment more positively than in January.

According to the survey report, “[t]he pullback in consumer sentiment in February […] is disappointing but not entirely unexpected. Most Irish consumers are not experiencing a ‘straight line recovery’ where each month sees a clear and progressive improvement in their personal circumstances. In addition, the broader global outlook remains quite uncertain and through the survey period renewed concerns about Greece would have been a forceful reminder of downside risks to macroeconomic prospects. So, while our sense is that the underlying trend in Irish consumer sentiment remains solidly positive, the monthly index is likely to continue to make progress by taking two steps forward followed by one back.”

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.7% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel sees private consumption increasing 2.1%.

Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Ireland? Download a sample report now.


Ireland Consumer Confidence Chart

Ireland Consumer Confidence February 2015

Note: The KBC Bank Ireland/ESRI Consumer Sentiment Index.
Source: The Economic and Social Research Institute (ESRI).

Ireland Economic News

  • Ireland: Services PMI rises to four-month high in May

    June 6, 2018

    The Investec services Purchasing Managers’ Index (PMI) climbed to a four-month high of 59.3 in May, up from 58.4 in April, thanks to a buoyant economic landscape and more favorable weather conditions.

    Read more

  • Ireland: Consumer sentiment improves in May

    June 5, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index climbed to 106.7 points in May, up from 104.0 points in April, recovering two-thirds of the drop in the previous month.

    Read more

  • Ireland: Industrial production records strong expansion in April

    June 5, 2018

    The highly volatile Irish manufacturing industries production index rose 9.2% over the previous month in seasonally-adjusted terms in April, contrasting a 7.4% month-on-month contraction in March.

    Read more

  • Ireland: Manufacturing PMI inches up to 38-month high in May

    June 1, 2018

    The Investec manufacturing Purchasing Managers’ Index (PMI) inched up to 55.4 points in May from 55.3 points in April, reflecting improved business conditions in the manufacturing sector.

    Read more

  • Ireland: Consumer sentiment deteriorates in April

    May 11, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index slid to a five-month low of 104.0 points in April from 108.1 points in March, continuing a “see-saw pattern” of improving confidence in one month followed by weaker confidence in the next month in a rapidly changing and uncertain economic setting due to the threat of a potential trade war, along with Brexit. April’s loss of consumer confidence reflected increased strains on household finances, underpinned by higher energy costs and restrained wage growth.

    Read more

More news

Search form