Latest news: Ireland's Consumer Confidence Index has soared, surpassing the UK for the first time in nine years. This marks the highest level for Ireland's consumer confidence since the economic recession, making it the country with the fourth-highest consumer confidence in Europe. This data is sourced from the Nielsen Global Survey of Consumer Confidence and Spending Intentions.
The Consumer Confidence Index is a score derived from quarterly surveys regarding consumers' attitudes toward personal finances and employment prospects. In the second quarter of 2017, Ireland's Consumer Confidence Index reached 102 points, an increase of 2 points from Q4 2016. The highest recorded score was 108 points in Q4 2007. A score above 100 indicates optimism, while a score below 100 indicates pessimism. For the first time in nearly nine years, Ireland's consumer confidence has surpassed that of the UK (currently at 99 points).
Over the past three months, Irish consumer spending on daily necessities has increased by more than two percentage points compared to the same period last year. This marks the seventh consecutive quarter of growth. Research indicates that sentiment regarding personal finances has risen by 52% compared to previous years.
Retail food consumption has shown an upward trend for the seventh consecutive quarter, with purchase volumes reaching a yearly high. This is particularly encouraging given the backdrop of a sluggish Consumer Price Index and low interest rates maintained by the European Central Bank.
The rapid rise in Ireland's Consumer Confidence Index creates a favorable trend for those immigrating to Ireland in terms of both investment and employment.
Ireland is a Western European country, bordered by the Atlantic Ocean to the west and the Irish Sea to the east. It faces the UK across the sea and serves as a gateway from North America to Europe. In recent years, it has been favored by global investors due to its numerous advantages.
Economically, Ireland is one of the most business-friendly countries. It features a competitive low-tax policy, the lowest corporate tax rate in the EU (only 12.5%), double taxation avoidance agreements with over 70 countries, and a non-global taxation system.
Educationally, Ireland is home to a number of internationally renowned higher education institutions. Furthermore, children in Ireland receive free education through high school (under the age of 18). Ireland is also the only English-speaking country in the Eurozone, providing a natural linguistic advantage.
Regarding social welfare, Ireland's high-welfare system covers all aspects of life. This includes child benefits, maternity benefits, paternity leave, unemployment subsidies, and pension allowances, with the entire population enjoying lifelong protection under the welfare system.
Currently, the enterprise investment immigration route offered by Worldway Immigration is highly popular among investors. Investors only need to invest 1 million euros into a local Irish enterprise or a project designated by the Irish government to apply for residency for their entire family. After meeting certain residency requirements, they can apply for an Irish passport, immigrate to Ireland, and enjoy a high-quality lifestyle.
For more details, please consult Worldway Immigration Group: 400-138-2929.