Spending falls flat as bad weather and cost pressures bite, figures show

After a wet July, hopes a brighter August would spark a spending rebound were not realised as mixed weather dampened spending

Social spending fell by 8%, following a positive bump for that sector in July. Picture: Larry Cummins

Spending on recreational activity dampened in August as consumers were hit with mixed weather conditions and battled an ongoing cost-of-living crisis, new figures from Bank of Ireland suggest.

Debit and credit card spending was broadly flat when compared to figures recorded in July, according to the latest Bank of Ireland Spending Pulse.