Bank of Ireland reports 'resilient' spending with card activity up 6.5% in May

Retail spending in May rose by 3.6%, which Bank of Ireland said reflected steady demand for clothing, groceries and household items

Despite ongoing global uncertainty and trade tensions, Irish consumers have not pulled back on their spending, Bank of Ireland said. Credit: Damian Coleman

Irish consumers continued to display confidence in May, with Bank of Ireland card spending rising by 6.5% annually. 

The rise in credit and debit card activity marked another month of strong growth in consumer activity, the lender said, with the "robust" growth significantly outpacing inflation, suggesting household spending remains a key driver of economic momentum.