Ireland Consumer Confidence June 2021

Ireland

Ireland: Consumer confidence hits two-year high in June but remains in pessimistic territory

June 22, 2021

Consumer confidence rose to 87.2 in June from May's 85.8. June's result marked the best performance since June 2019. However, the index remained below the 100-threshold, still signaling pessimism among consumers.

June’s improvement was largely driven by falling pessimism among consumers with regards to the economic as well as unemployment outlook. Moreover, households turned more inclined to make purchases over the previous month. That said, consumers’ optimism as regards their financial situation in the coming 12 months eased.

FocusEconomics Consensus Forecast panelists project private consumption to expand 4.8% in 2021, which is from down 0.2 percentage points last month’s forecast. For 2022, the panel sees private consumption growth at 6.0%.


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Ireland Consumer Confidence June 2021

Note: The KBC Bank Ireland Consumer Sentiment Index.
Source: KBC Bank Ireland.


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