Ireland: Consumer confidence falls to three-month low in first month of 2021
January 27, 2021
The KBC Bank Ireland/ESRI consumer confidence dived to 64.9 in January from December's 74.6 and marking the lowest reading since October 2020. As a result, the index fell further below the 100-threshold, separating pessimism from optimism among consumers.
Although a detailed breakdown is not yet available, sentiment among Irish consumer likely deteriorated in January due to the spike in new coronavirus cases and the tightening of lockdown measures.
Author: Hanna Andersson, Economist