Ireland skyline

Ireland Consumer Confidence September 2019

Ireland: Consumer confidence slides again to near-six year low in September

The KBC Bank Ireland/ESRI consumer sentiment slid deeper into pessimistic territory in September, marking four consecutive months of uninterrupted decline. The index fell to 75.3 in the month from 77.2, moving further below the 100-threshold separating optimism from pessimism among consumers, and marking the worst print since November 2013.

Overall consumer confidence worsened in September on growing fears of a disorderly Brexit. The concerns prompted households to downgrade their outlooks on the Irish economy in general, employment prospects, as well as their personal financial situation in the past 12 months and in the year ahead. On the flip side, consumers were slightly more optimistic about purchasing big-ticket items, which reflects still broadly positive employment and wage dynamics, along with strong business promotions.

An additional question posed to Irish consumers in the September survey found that just over a quarter of the respondents regarded budget adjustments to income taxes and social welfare benefits ‘critically important’ to their financial circumstances while almost half considered them quite important. This suggests that the majority of Irish consumers will be looking to the 2020 Budget for support.

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