Ireland skyline

Ireland Consumer Confidence October 2020

Ireland: Consumer confidence plunges to five-month low in October

The KBC Bank Ireland/ESRI consumer confidence index plunged to 52.6 in October from September’s 60.7, marking the worst reading since May. As a result, the index moved further below the 100-threshold, separating pessimism from optimism among consumers.

October’s downturn was broad-based and largely reflected rising consumers’ worries over the impact of the rapidly increasing coronavirus cases and potential renewed restrictions. Households’ perception of the general economic situation turned markedly more pessimistic in October, as did their appraisal of their past and future personal financial situation. Moreover, consumers’ willingness to purchase large ticket items also turned more negative compared to the previous month. Lastly, consumers’ outlook for employment also soured notably in the month.

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 X Download Fullscreen