Ireland Consumer Confidence February 2021

Ireland

Ireland: Consumer confidence rises in February

February 23, 2021

Consumer confidence jumped to 70.8 in February from January's 64.9. Consequently, the index moved closer to the 100-threshold, but still indicated pessimism among consumers.

January’s improvement largely reflected households’ less pessimistic views of the general economic outlook and their expected personal financial situation in the coming twelve months. Moreover, their perception of the outlook for unemployment turned less negative, while consumers’ willingness to purchase large ticket items improved from the previous month.

FocusEconomics Consensus Forecast panelists project private consumption to expand 6.0% in 2021, which is from down 0.7 percentage points last month’s forecast. For 2022, the panel sees private consumption growth at 5.2%.


Author:, Economist

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Ireland Consumer Confidence February 2021 0

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


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