Irish Consumer Spending falls for second month in a row in October
Visa’s Irish Consumer Spending Index, produced by IHS Markit, which measures expenditure across all payment types (cash, cheques and electronic payments), pointed to a further reduction in spending during October. At -1.4% year-on-year, the decline was less marked than that seen in September (-2.1%). That said, expenditure has now fallen on a monthly basis in five of the past six months.