Both pubs and restaurants posted negative spending stats in June.
However Bank of Ireland debit and credit card spending generally in July was fairly flat, with a 1% total monthly fall recorded as a mixed picture emerged across business sectors.
There was a 2% uptick in social spending throughout July.
Overall, spending in the Retail sector was down 3% in total, with outlay on clothing (down 10%) and groceries (down 1%) but spending on petrol rose 5% as forecourt fuel prices levelled-off somewhat nationwide.
On a regional level the spending patterns were broadly flat, with similar spending levels being recorded in Limerick (down 3%), Cork (down 2%), Kildare (down 1%), Mayo (down 1%), Donegal (down 1%) and Waterford (down 1%).
“The sun was shining in July and we were doing less shopping and more socialising,” said Jilly Clarkin, Head of Customer Journeys & SME Markets at Bank of Ireland, commenting on July’s spending data, “However, the spending picture was a mixed one last month, with some sectors performing well and others flatlining or dropping slightly. This spending restraint was not just in a small number of counties, it was nationwide – and while the overall drop was small, it will be interesting to monitor over the coming months to determine if it’s becoming a trend.”
BoI debit and credit card transactions – July 2022 vs. June 2022
|Fast Food +1%|
|Bus Lines -8%|