Consumer Spending Remains Robust in June as Holiday Outlay Spikes - Business Plus

Consumer spending remains robust in June - Shelflife Magazine

Credit/debit card spending by Bank of Ireland customers was up 5.7% in June compared to the same month last year, well ahead of CPI inflation at 1.8%. The figures indicate substantial real price adjusted gains for Irish households and little spending impact from US-tariff related uncertainty and the recent dip in consumer confidence. Holiday spending was up sharply in June, with accommodation up 4.3%, car rentals up 16%, while a spike in electri…

Consumer spending remains robust in June as holiday outlay spikes - Business Plus

Consumer spending remained robust in June, rising 5.7 per cent year-on-year, according to credit and debit card data from Bank of Ireland. Growth in spending far outpaced consumer price inflation of 1.8 per cent, indicating substantial real price-adjusted gains for Irish households driven by job creation (+3.3 per cent) and pay raises (+5.6 per cent) and little impact from the tariff-related uncertainty. Holiday spending naturally rose sharply i…