Retail spend jumps 2.2%

Irish consumer spending rose 2.2% in August, on a year-on-year basis, aided by low inflation and rising wages. While the annual rate of growth was unchanged from July and weaker than the 4.8% average seen since 2014, further spending increases are expected up to the end of the year.

By Geoff Percival

Irish consumer spending rose 2.2% in August, on a year-on-year basis, aided by low inflation and rising wages.