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Card Spending In Accommodation And Restaurant Sectors Decreases Week-On-Week

Published on Oct 12 2021 9:50 AM in General Industry tagged: Trending Posts / Central Bank / Central Bank of Ireland

Card Spending In Accommodation And Restaurant Sectors Decreases Week-On-Week

Card spending in the accommodation and restaurants sectors decreased during the week to October 3, according to data from the Central Bank of Ireland.

Details

The Central Bank stated on its website, "Daily Credit and Debit Card Statistics: This high-frequency daily Credit and Debit Data captures expenditure of euro-denominated credit and debit cards issued to Irish residents. The dataset consists of total daily debit and credit card spending and ATM withdrawals…Key Points - Updated on 08 October 2021:

  • "Total spending in the month of September was 15 per cent, or €978 million, higher than the same period in September 2020.
  • "Online spending was 7 per cent, or €44 million higher in the week to Oct 3rd compared to the previous week.
  • "Spending in the groceries and transport sectors increased by 3 and 4 per cent respectively when compared to the previous week, while the accommodation and restaurant sectors fell by 4 and 2 per cent respectively."

August

Additionally, according to Central Bank data, card spending in the restaurants and dining sector increased by 23% month-on-month and by 36% year-on-year to €489.4 million in August

The Central Bank also reported strong card spending on accommodation and transport for August, as well as an overall 18% month-on-month increase in social spending and a 9% increase in entertainment spending for the eighth month of 2021.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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