FX.co ★ Irish Consumer Sentiment Plummets on Tariff Concerns

The Irish Credit Union Consumer Sentiment index experienced a significant decline, dropping to 58.7 in April 2025 from 67.5 in March. This marks the second consecutive month of decline, reaching its lowest level in two years. The decrease highlights rising concerns over the economic consequences of U.S. tariffs on the European Union, which could have a particularly adverse effect on Ireland. Recent studies indicate that these tariffs could potentially reduce Ireland’s GDP by up to 1.8% by 2032. Despite these concerns, consumer spending has so far remained relatively stable, as many households continue to hope for economic recovery. Analysts suggest that while there will likely be cautious adjustments in spending habits, these are not anticipated to reflect the significant cutbacks usually associated with times of extensive job or income reduction.