On-trade

May’s Restaurant/Dining card spend up 130%

At €539.8 million total card spend on Restaurants/Dining jumped by 130% last May compared to the May 2021 spend of €234.7 million according to figures released by the Central Bank recently.

 

Total card spend on Restaurants/Dining jumped by 130% last May compared to May 2021.

Total card spend on Restaurants/Dining jumped by 130% last May compared to May 2021.

May’s card spend figure was 15% up on the April figure (€470.7m). Total social spending by credit and debit card increased by 13% in May compared to April.

When compared to the previous year, social spending increased by 85%, or €385 million. This was largely driven by an increase in restaurant spend.

Total card spend, including ATM transactions of €1.2 billion, increased by 12% to €8.5 billion in May 2022 compared to April. This represents the highest value in spending since this statistical collection began, which was predominantly driven by a monthly increase of €668 million within debit card PoS spending to total €6.2 billion, states the Central Bank.

Overall card expenditure was 25%, or €1.7 billion, higher in May 2022 compared to May 2021, when Covid-related restrictions limited in-person spend.

 

 

 

 

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