Value of card transactions rises as shoppers prepare for summer, figures suggest

The value of domestic transactions jumped by €320m, 4.8%, during the period

In value terms, spending on ferries came to €18.4m, up almost 4% on the previous month and grew year on year in comparison to May 2023, increasing by 3.7%. Picture: David Creedon

More people splurged in May compared to the previous month despite lingering cost pressures, according to figures by the Central Bank.

Monthly card payment statistics released by the financial regulator showed the volume of transactions jumped 5.4% from 214 million in April to 225 million, while the value of Irish card payments also jumped by 4.7%, growing by €380m from €8bn to €8.5bn.