Ireland Consumer Confidence

In Ireland, the Consumer Confidence Index gauges the sentiment of households regarding economic conditions experienced over the last year and their expectations for the upcoming year. This survey evaluates perceptions related to unemployment, inflation, and personal financial circumstances, including intentions for savings and significant purchases. The index is computed by subtracting the percentage of unfavorable responses from favorable ones, then adding 100, resulting in a scale from 0 to 200. A score of 100 reflects neutrality, while values above indicate increased confidence in the economy, making it a vital indicator for assessing consumer sentiment and potential spending trends.

Source: Irish League of Credit Unions