Consumer Opinion Surveys: Composite Consumer Confidence for Ireland
CSCICP02IEM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.40
Year-over-Year Change
52.27%
Date Range
1/1/1974 - 6/1/2025
Summary
The Consumer Opinion Surveys: Composite Consumer Confidence for Ireland measures the overall sentiment and confidence of Irish consumers. It is a leading indicator of consumer spending and economic activity in Ireland.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Composite Consumer Confidence indicator aggregates several survey measures of consumer sentiment in Ireland, including assessments of personal financial situations, the general economic environment, and consumer spending intentions. It is a widely watched gauge of the health of the Irish consumer sector.
Methodology
The data is collected through monthly household surveys conducted by the European Commission.
Historical Context
The consumer confidence index is used by policymakers, analysts, and businesses to anticipate changes in Irish consumer demand and broader economic conditions.
Key Facts
- The index ranges from 0 to 200, with 100 representing a neutral sentiment.
- Ireland's consumer confidence hit a record low of 44.5 in May 2020 during the COVID-19 pandemic.
- Consumer confidence is a leading indicator, usually turning before the overall economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Opinion Surveys: Composite Consumer Confidence for Ireland measures the overall sentiment and confidence of Irish consumers. It aggregates several survey measures of personal finances, the economy, and spending intentions.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a leading indicator of consumer spending and broader economic activity in Ireland. It is closely watched by policymakers, analysts, and businesses to anticipate changes in Irish consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the European Commission.
Q: How is this trend used in economic policy?
A: The consumer confidence index is used by policymakers, analysts, and businesses to gauge the health of the Irish consumer sector and anticipate changes in consumer demand and broader economic conditions.
Q: Are there update delays or limitations?
A: The consumer confidence data is released monthly with a short lag, providing timely insights into the Irish consumer outlook.
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Citation
U.S. Federal Reserve, Consumer Opinion Surveys: Composite Consumer Confidence for Ireland (CSCICP02IEM460S), retrieved from FRED.