Chapter Seven

Confidence Index

Confidence Index

Throughout this report you will see reference made to the ‘Confidence Index.’ The confidence the participants have in several areas was expressed through the way they answered a number of key questions almost identical in nature but presented in different ways.

The average weighting of these answers is then used to calculate the confidence index. A confidence index of zero would indicate that there was a totally neutral feeling by the respondents. A positive figure represents a positive outlook, with the scale maxing at 100, while a negative score indicates the feeling of unfavourable negative feelings towards the economic or business future.

The confidence index score relating to the performance of the Irish Economy varies depending on the age profile of the contractors and the industry the contractors operate in.

Performance of the Irish Economy in 2026 by Sector

The outlook for 2026 shows a more measured view of both the Irish economy and the contracting sector when compared with 2025. Confidence in the performance of the Irish economy declines across all groups, moving from a strong positive position in 2025 +17 to a modest positive score in 2026 +6. This pattern is consistent by gender and across industries, suggesting a shared expectation of slower economic conditions. Medical Locum contractors remain the most positive about the economy in 2026 +9, while ICT and Engineering +.03 and +5 respectively report the lowest confidence levels.

Confidence in the Contracting Sector by Industry

Expectations for the contracting sector over the next three to five years remain positive in 2026 but are lower than in 2025 across every industry. Overall confidence index score falls from +26 to +21, indicating a slightly more cautious view of future demand for contract roles. ICT and Engineering sectors experience the largest drop in confidence index scores, ICT scores moved from +31 in 2025 to +20 in 2026, and Engineering dropped from +29 to +18. Pharma, Finance also saw a reduction in scores compared with 2025. Medical Locum shows a small improvement year on year but continues to lag behind other sectors in overall confidence. Despite the drop in confidence index scores this year contractors in each sector continue to report positive outlooks.

Performance of the Irish Economy in 2026 by Gender

Gender differences remain limited. Both male and female contractors report lower expectations for the contracting sector in 2026 than in 2025. Female contractors remain marginally more positive than male contractors about both the performance of the Irish economy and the contracting sector.

+21

All Genders

+18

Male

+20

Female

Contracting sector in the next 3 to 5 years by Gender

The 2026 confidence index scores point to an environment where confidence remains intact but more restrained. Contractors continue to see opportunities across all major industries, with expectations adjusted downward from the more optimistic levels reported in 2025.

+6

All Genders

+6

Male

+7

Female

Confidence Index by Generation

The 2026 outlook shows a reset in expectations across all generations when compared with 2025. Confidence in the contracting sector over the next three to five years remains positive for every age group. Boomers become more positive in 2026, rising from +22 to +24, suggesting continued confidence in demand for experience-led contracting. Gen X and Millennials both report lower confidence than in 2025. Gen Z stands out, with confidence increasing from +23 to +30, pointing to strong belief in future contracting opportunities despite wider economic uncertainty.

Views on the performance of the Irish economy ease across all generations in 2026. Boomers and Gen X both move from +15 in 2025 to +6 in 2026, reflecting a more cautious economic view. Millennials show a similar pattern, falling from +18 to +5. Gen Z remains the most positive about the economy, although confidence also declines year on year, from +18 to +9.

Confidence Index Recruiters & Clients

The 2026 outlook from recruiters remains positive for the contracting market, though expectations for the next 12 months are lower than in 2025. Recruiters have a confidence index score of +31 in 2026 down from +37 in 2025. This indicates continued demand, but at a reduced level year on year. Views on the performance of the Irish economy also dropped, slightly from +19 in 2025 to +17 in 2026.

Client organisations have a more positive outlook in 2026. Expectations for the number of contract roles increase substantially, rising from +27 in 2025 to +59 in 2026. This suggests they expect a growing reliance on contractors to meet business needs. Confidence in the Irish economy among client organisations remains high at +43, exceeding both recruiter expectations and 2025 levels.

Relative to 2025, the 2026 findings show a clear contrast in perspective. Recruiters report lower expectations for growth in contract roles and economic performance, while client organisations signal a significant increase in demand for contractors alongside strong confidence in the economy.

The performance of Irish economy in 2026

The number of contract roles in the next 12 months

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Next - What The Recruiters Say

  • Benefits of Contracting
  • Concerns Recruiters Face from Candidates
  • Barriers Facing Recruiters from Client Company
  • Hardest Skillsets To Source
  • Future Expectations & More!
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