Ireland skyline

Ireland Consumer Confidence December 2021

Ireland: Consumer confidence falls to 10-month low in December

Consumer confidence fell to 74.9 in December from November’s 83.1. December’s result marked the worst performance since February. Consequently, the index remained entrenched below the 100-threshold, indicating that consumers were pessimistic.

The softer reading was due to an across-the-board decline in the index’s subsectors, amid rising Covid-19 cases, the arrival of the Omicron variant and higher cost-of-living pressures. Consumers’ view of the job market darkened most starkly, likely due to fears regarding the impact of fresh Covid-19 restrictions on employment. Nonetheless, consumers’ view of their personal financial situation for the 12 months ahead and the strength of their intention to make major purchases weakened less severely, suggesting that current weakening sentiment may not translate into such a sharp slump in spending.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest