Consumer Sentiment Index analyzes a minimum of 1,100 households in each region of Ireland. Among the items on the questionnaire are questions about respondents’ perceptions of the general economy over the previous 12 months, as well as their aspirations for the next 12 months, perceptions of recent trends in unemployment and inflation, recent trends, and likely future evolution in the household’s financial situation, and intentions to save and make large purchases. By subtracting the percentage of favorable responses from the percentage of unfavorable responses, then increasing the result by 100, The Consumer Sentiment Index is generated. The indicator is scaled from 0 to 200, a value of 0 shows a great lack of confidence, a value of 100 implies neutrality, and a value of 200 indicates high confidence.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.