Visa data supports notion of a consumer recovery

New figures from electronic payments giant Visa show spending by Irish consumers rose by 6.4%, on a year-on-year basis, in July.

The data — based largely on spending via Visa credit and debit card usage — offers further evidence Irish consumers haven’t as yet been spooked by the UK’s Brexit vote.

A similar survey, for Britain,showed a 1.6% consumer spending rise in July; the largest increase seen there in three months.