The latest data from Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), signalled a +4.0% increase in household spending year-on-year in January, with the rate of growth continuing to be below the average seen since the series began in September 2014.
The slowdown in growth of household spending in Ireland continued in the final month of 2016, according to the latest data from Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments.)
Whether online or in-store, buying gifts or enjoying Christmas revelry, shoppers are foregoing cash, opting for the speed and convenience of contactless cards and new payment methods.
Today, Visa announced that Visa debit and personal credit cardholders from AIB now have access to the newly launched Android Pay service giving users an easy, secure and private way to pay through their devices
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.
Although Visa's Irish Consumer Spending Index (CSI) continued to signal increases in expenditure in October, the annual rate of expansion slowed to the weakest in almost a year-and-a-half.
The rate of growth in Irish consumer spending ticked up slightly in September, as signalled by Visa's Irish Consumer Spending Index (CSI).
Visa Inc. (NYSE: V) While Visa’s Irish Consumer Spending Index (CSI) continued to signal growth in household expenditure during August, the rate of expansion eased from that seen in July.
Visa Inc. (NYSE: V) Visa’s Irish Consumer Spending Index (CSI) pointed to further growth of spending in July.
Visa Inc. (NYSE: V) Visa’s Irish Consumer Spending Index has revealed that household expenditure across all payment types (cash, cheques and electronic payments) was up +6.1% year-on-year in June.
The latest data from Visa Europe has revealed that Irish people spent €1.36 billion abroad with Visa cards – debit, credit and prepaid – in 2015, an 8% increase on the previous year.
According to Visa Europe's Consumer Spending Index, Irish consumer expenditure across all payment types (cash, cheques and electronic payments) continued to rise sharply in the year to May. Spending was up +9.2% year-on-year, slightly slower than the +9.6% rise in April, but still among the strongest in the 21-month history so far.