Total card spending reaches record level in May

The data shows the record spending level was driven by a monthly increase of €668 m within debit card point of sale (PoS) spending

Total card spending and ATM withdrawals by Irish consumers rose by €888m or 12% in May 2022, the highest value in spending since the statistical collection began.

New figures from the Central Bank show that total card spending last month amounted to €8.5bn, a 25% rise on May last year when public health restrictions resulted in less spending.