Good thing Consumer Confidence is booming in Ireland, cause otherwise we might get a wind that domestic demand for goods and services is going nowhere:
Now, how would we get such an idea. you might ask? Well, simples.com : take a look at consumer prices:
Spot the trend? That's right: CPI was down 0.7% y/y in April and down 0.6% on average over the last 3 months.
And in case you want to see what 'sustains' at least some semblance of non-totally-collapsing prices? Why here it is:
And so just as with retail sales, deflation is now consistent with rising consumer confidence. Happiness attained, at last. Just never ask what happens to demand when prices (imported from the rest of the Euro area) start creeping up across all sectors... that is something polite Irish economy forecasters don't want to talk about...