Consumers spent more this November

Bank of Ireland debit and credit card spending in last month was higher (up 13%) than in the same month in 2021.

 

 

When compared to last year, social spending climbed by 12% and retail spend rose by 10% in November.

The Bank’s spending data also revealed that spend in the Restaurant sector was up 3% in November compared to the same month in 2021.

However the rise in input costs leading to higher consumer prices should also be factored into these figures.

BoI debit and credit card transactions – November 2022 vs. November 2021

Up

Clothing                                     +8%

Groceries                                   +7%

Utilities                                      +6%

Hardware                                   +5%

Restaurants                               +3%