January consumer spend up 4%
Both the Hotels, Restaurants & Bars and Recreation & Culture categories posted solid increases in spending year-on-year in January with a 6.7% rise in the amount consumers spent on nights out and hotel accommodation.
17 February 2017 | 0
The latest data from Visa’s Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), signalled a 4.0% increase in household spending year-on-year in January, with the rate of growth continuing to be below the average seen since the series began in September 2014.
At 3.1%, January’s Food & Drink spend increased for the second month running.