Consumer confidence sees food and drink spend rise
According to Visa Europe’s Irish Consumer Spending Index, consumer spending last month was up 4% when compared to May of last year. This is the ninth month in a row spending has increased. Although a little down on April’s growth of 4.3%, Visa Europe said such a level of spending “points to the ongoing recovery of consumer spending in Ireland in line with an increasingly positive economic backdrop”.
The index is a monthly economic barometer which takes card spending data and adjusts it for a variety of factors to provide an indicator of consumer expenditure in all payment methods.
