Consumer spending falls but domestic tourism shows resilience

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Consumer spending falls but domestic tourism shows resilience via IrishTimesBiz

Consumer spending fell for the first time since January last month, but there were positive signs for industries supported by domestic Irish tourism, according to the AIB Spend Trend for July.

The data was compiled from over 1 million card transactions by Irish consumers during July and has been anonymised and aggregated. All comparisons are based on July versus June data unless otherwise stated. Digital wallet payments were up 6 per cent as consumers spent almost €13 million a day using the technology on their devices, counting for one in every seven euro spent during the month.

 

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