Ireland Consumer Confidence January 2021

Ireland

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.

FocusEconomics Consensus Forecast panelists project private consumption to expand 6.7% in 2021, which is from up 1.5 percentage points last month’s forecast. For 2022, the panel sees private consumption growth at 4.3%.


Author:, Economist

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Ireland Consumer Confidence January 2021 0

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


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