Honeymoon period of post-lockdown spending ends

Data from Bank of Ireland and Revolut shows a fall in spending as the holiday season drew to a close

Restaurants suffered a drop of 18%, fast food purchases declined 17%, and spending in pubs fell 22%.

Debit and credit card transactions by Bank of Ireland customers fell 6% last month when compared to August as consumer activity nationwide slowed down.

The data reveals an overall decline in social spending as people returned to their more regular routines. Restaurants suffered a drop of 18%, fast food purchases declined 17%, and spending in pubs fell 22%.