Ireland Consumer Confidence September 2020


Ireland: Consumer confidence improves but remains pessimistic in September

September 30, 2020

The KBC Bank Ireland/ESRI consumer confidence index rose to 60.7 in September from August's 58.9. Nevertheless, the index remained well below the 100-threshold separating pessimism from optimism among consumers.

September’s improvement was largely driven by consumers’ less pessimistic perception of the general economic outlook as well as their expected personal financial situation in the 12 months ahead. Moreover, households’ willingness to purchase large ticket items turned less negative compared to the previous month. Meanwhile, consumers’ outlook for unemployment was more pessimistic than in August, while their appraisal of their personal financial situation in the past year also deteriorated.

FocusEconomics Consensus Forecast panelists project private consumption to contract 9.9% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, the panel sees private consumption expanding 5.4%, which is down 0.4 percentage points from last month’s estimate.

Author:, Economist

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Ireland Consumer Confidence Chart

Ireland Consumer Confidence September 20 20

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

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