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The rate of growth in consumer spending in Ireland slowed for the second month running in November, according to the latest data from Visa's Irish Consumer Spending Index. Expenditure across all payment types (cash, cheques and electronic payments) increased +3.9% year-on-year, the weakest expansion for a year-and-a-half, slower than the +4.4% rise seen in October this year.
Visa Europe has predicted that €98 million will be spent online with Visa cards – Debit, Credit and Prepaid – between Black Friday (27th Nov) and Cyber Monday (30th Nov) – making it the biggest weekend for Irish online shopping in history.
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