Drink sector’s €3bn tonic for economy

The drinks industry — specifically pubs, off licences and drinks manufacturers — are contributing nearly €3bn per year to the economy, through necessary outlays.

A spending survey conducted by Tony Foley, of Dublin City University Business School on behalf of the Drinks Industry Group of Ireland covers all kinds of spending from raw ingredients on behalf of drinks manufacturers to wage, entertainment and security bills by pubs and off licences.

With a total of over €2.8bn per year, the report concluded that the drinks sector is responsible for “a far greater” proportion of domestic purchasing than the chemical and technology sectors.