The latest Visa Europe Irish Consumer Spending Index in November saw the strongest expansion in the 15-month series history, with spending rising +7.9% year-on-year across all payment methods, following a +6.8% increase in October, the second month running in which the rate of expansion has quickened.
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.
The latest Visa Europe Irish Consumer Spending Index signalled sharp and accelerated growth of consumer expenditure in October, the month which saw the announcement of Budget 2016.
Visa Europe, the payments technology company, has revealed that Irish consumers are now making over two million contactless transactions with Visa Debit cards every month.
Visa Europe's latest Irish Consumer Spending Index has revealed that consumer expenditure rose by 5.4% in September, compared to the same period in 2014. This represents the thirteenth month of unbroken growth which has been recorded since the series began in September 2014.
Visa Europe's latest Irish Consumer Spending Index, which takes card spending data and adjusts it for a variety of factors to provide a robust indicator of total consumer expenditure across all payment methods, signalled continued growth during August.
Visa Europe's Irish Consumer Spending Index has revealed that consumer spend on all payment types increased by +6.1% year-on-year in July. This was the second successive acceleration of growth, improving on the +5.6% increase in June and the strongest expansion since the series began in September last year.
There was a marked and accelerated growth in consumer expenditure in Ireland during June as households increased spending on a range of discretionary goods and services, while also making more purchases of big-ticket items such as holidays and cars.
Visa Europe's Irish Consumer Spending Index data signalled ongoing strength in household consumption growth in May, extending the current run of expansion to nine months.
Visa Europe’s Irish Consumer Spending Index for April showed that Irish eCommerce spending has increased by 7.8% on an annual basis, down on March’s +10.8% but a marked pace of expansion nonetheless.