Ireland Consumer Confidence May 2021

Ireland

Ireland: Consumer confidence rises to a near two-year high in May but remains in pessimistic terrain

May 21, 2021

Consumer confidence edged up to 85.8 in May, following April’s 77.9, logging the highest reading since June 2019. That said, the index remained below the 100-threshold, still indicating pessimism among consumers.

May’s improvement was largely driven by improving sentiment concerning the economic as well as unemployment outlook. Moreover, consumers turned optimistic with regards to expectations of their financial situation in the coming 12 months, likely owing to lifting of the nationwide lockdown on 10 May.

FocusEconomics Consensus Forecast panelists project private consumption to expand 5.0% in 2021, which is from down 0.5 percentage points last month’s forecast. For 2022, the panel sees private consumption growth at 6.0%.


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Ireland Consumer Confidence May 2021 0

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


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