Irish consumer spending rose by 9.7 per cent year-on-year during April, according to the latest data for Visa Europe’s Consumer Spending Index.
The figures, which are based on spending on all Visa debit, credit and prepaid cards, refer to all payment types. The trend highlights growth of online traders but retailers also benefited as the rate of growth in face-to-face spending grew to 5.7 per cent from 3.9 per cent in March.
The 9.7 per cent growth was the second-strongest since data were first calculated in September 2014.
New car registrations were up 10 per cent, with an increase recorded in every county in the Republic during April.
Double-digit expansions in spending were also recorded in the health and education, household goods and hotels, and restaurants and bars sectors.
This news is welcomed within the Irish retail sector as proof of consumer spending exists as the economic recovery continues to prosper for Ireland.
Source: The Irish Times