Card spending declined by 4% in June as consumers cut back 

According to figures from the Central Bank of Ireland, ATM transactions declined by 4% to €1.2bn in June 2022. 

Total card spending in Ireland fell by 4% to €8.2bn in June 2022 compared to the previous month, as consumers cut back amid rising prices and a cost of living crisis.

The decline marks a shift away from the record level of card spending in May 2022, which at €8.5bn, was the highest level of card spending since statistical collection began.