Consumer spending up 2.7% in March

Consumer spending grew in March by 2.7% compared to the same month last year.

Visa’s Irish Consumer Spending Index, produced by IHS Markit, says that spending increased by the greatest extent in five months.

However, the first three months of 2019 has seen 0.8% growth overall, the slowest first-quarter increase in the index's five years in operation.

The return to growth of overall expenditure mainly reflected signs of revival on the high street, with face-to-face expenditure up for the first time since last October (+2% year-on-year).

Spending via eCommerce also increased by 4% in March.

Household Goods posted the strongest expansion in March, seeing spending rise at a substantial pace of +16.6% year-on-year. Marked increases were also recorded in Health & Education (+9.9%) and Hotels, Restaurants & Bars (+7.1%).

More on this topic

Commercial semi-state firms pay out €2.4bn in dividends since 2010

Local Enterprise Offices help create over 18,000 jobs in five years

Irish middle class ‘escaped the worst’ of global downturn

Aviation sector still has room to spread its wings

More in this Section

CRH to decide on sale of European distribution business 'in 2-3 months'

Tourist numbers boosted by North American visits

JIM POWER: Plan now, or suffer later: Why mandatory pensions are essential

There will be jobs, says the OECD, but automation threatens the nature of work


Lifestyle

Going Solo: A single mum reveals the joy and sadness of choosing to have children without a father

Ask Audrey: How to sort out Norries in your back yard

More From The Irish Examiner