Consumer spending surges past pre-pandemic levels 

Data from Revolut shows pent up demand for travel means spending on airlines is 65% higher than in August 2019

Figures suggest a spike in Irish consumers booking holidays now for the year ahead. Pic Stephen Collins/Collins Photos

Consumer spending in August jumped 10% ahead of pre-pandemic levels providing retailers and businesses with the much-hoped-for surge in spending as the country continues its reemergence from lockdown.

New figures from Revolut’s 1.5 million Irish customers shows overall spending in August 2021 was well ahead of levels in August 2019, with increases recorded in a range of categories. Sportswear, clothing, groceries, fast food, hardware, gardening and home furnishing were all more than 20% higher. Revolut said the data is adjusted for the growth in its users over the past year.