Q2 restaurant/dining recorded highest annual growth rate

Diners spent €253 million via Debit Cards in restaurants and other dining outlets last June while they spent €48.4 million on Credit Cards in such establishments according to the Central Bank’s Sectoral Card Expenditure data’s Q2 figures.

 

The Debit Card figure for the restaurant/dining category represents a rise in spend of 18% on June 2018, the highest annual growth rate of any sub-category, while the Credit Card spend in this sector was up 7%, also the highest in any of the sub-categories.

Growth in Debit Card Point of Sale expenditures was recorded across all categories, with spending in the retail sector increasing by 5%, the services sector by 10% (€76 million) and the social sector by 16% (€52 million) year-on-year in June 2019.

Credit Card spending on retail fell 2% while both the services and social sectors grew by 4%.

In total, social spend accounted for 9% of Credit Card spending last June, the rest of the remaining 23% figure comprising ‘other’ according to the Central Bank.

Debit card spend on the Restaurant/Dining sector represented 7.3% of total PoS spend while it represented 5.3% of total Pos Credit Card spend.