The only way is up: Irish consumers spending rises again

James Ryan, Aldi brand ambassador, joined in on the excitement at the Aldi Play Rugby National Festival in Aviva Stadium last week.

Visa has published its latest Consumer Spending Index, showing yet another increase in Irish consumer spending over the last month.

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Visa’s consumer spending report for the month of September, which analyses all payment types (cash, cheque and electronic payments), has revealed yet another increase in expenditure among Irish consumers. Spending increased 5.1% year-on-year, a faster rate than the previous month’s 4.8% but slower than the rate seen earlier in the year.

While consumer spending has increased steadily throughout the 25 months since the Consumer Spending Index was established, the latest increase was weaker than the average across that time. The divergence between eCommerce and face-to-face spending  grew furhter, with the former category leading growth.

The breakdown in spending categories for September was:

• eCommerce increase by 13.4% year-on-year, slower than its rate in August
• Face-to-face spending was up just 0.8% year-on-year. It is though tthat the recent Dublin Bus strikes contributed to this poor growth, with retailers reporting sales declines between 25% and 60% on the days of the strikes
• Recreation and culture saw the strongest spending in terms of area (+12.5% year-on-year), while Transport & Communications, Hotels, Restaurants & Bars and Food & Beverages also saw accelerated growth
• Clothing & Footwear decreased sor the second month running, down -2%. This is the only sector to see a decline

Read More: Consumer Spending Index Visa Europe

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