FX.co ★ Irish Consumer Sentiment Improves in May

Ireland’s Credit Union Consumer Sentiment Index rose to 59.4 in May 2026, up from 53.3 in April, reversing more than half of the decline seen over the previous two months. The improvement was driven by easing energy costs and new government support measures, which together helped bolster confidence. Sentiment was further supported by a ceasefire in the Middle East that reduced fears of major economic disruption and contributed to lower fuel prices, while stronger-than-expected public finances lifted expectations of additional assistance for households and businesses. All five components of the survey improved, with the sharpest gains in views on the labor market. Consumers also became less pessimistic about their personal financial outlook and spending plans. However, at 59.4, the index remains well below its long-term average of 83.3, underscoring the persistence of cost-of-living pressures.