Ireland Consumer Confidence July 2021

Ireland

Ireland: Pessimism among consumers rises in July

July 23, 2021

Consumer confidence came in at 84.9 in July, edging down from June's 87.2. As a result, the index moved further below the 100-threshold, and indicated pessimism among consumers.

July’s downturn was largely driven by rising pessimism among consumers with regards to the economic and unemployment outlook, with the former deteriorating markedly. On top of this, households turned less inclined to make purchases over the previous month, while consumers’ optimism as regards their financial situation in the coming 12 months moderated.

FocusEconomics Consensus Forecast panelists project private consumption to expand 4.4% in 2021, which is from down 0.4 percentage points last month’s forecast. For 2022, the panel sees private consumption growth at 6.1%.


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Ireland Consumer Confidence July 2021

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


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