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Card Spending Last Month Saw 3...

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Card Spending Last Month Saw 30% Increase Compared To 2021

98FM
98FM

02:44 31 Mar 2022


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The figures come from the Central Bank of Ireland. 

Total card spending, including ATM withdrawals, increased by €1.6 billion last month.

That's a 30 per cent increase in spending from February 2022 compared to February 2021.

Last year, Ireland was under a stringent lockdown and many retail outlets were closed.

In-store spending drove the annual increase in February but online spending also increased from last year.

Spending on groceries and electrical goods suffered a slight decrease in February.

However, the transport and accommodation sectors continue to record high surpluses.

Overall spending in February compared to January was marginally lower, with a 1 per cent decrease.

Irish spending outside of the country also increased by 10 per cent compared to January.


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