We use cookies to collect and analyse information on site performance and usage to improve and customise your experience, where applicable. View our Cookies Policy. Click Accept and continue to use our website or Manage to review and update your preferences.


Strictly necessary cookies

Cookie name Duration Cookie purpose
ASP.NET_SessionId Session This cookie holds the current session id (OPPassessment only)
.ASPXANONYMOUS 2 Months Authentication to the site
LSI 1 Year To remember cookie preference for Law Society websites (www.lawsociety.ie, www.legalvacancies.ie, www.gazette.ie)
FTGServer 1 Hour Website content ( /CSS , /JS, /img )
_ga 2 Years Google Analytics
_gat Session Google Analytics
_git 1 Day Google Analytics
AptifyCSRFCookie Session Aptify CSRF Cookie
CSRFDefenseInDepthToken Session Aptify defence cookie
EB5Cookie Session Aptify eb5 login cookie

Functional cookies

Cookie name Duration Cookie purpose
Zendesk Local Storage Online Support
platform.twitter.com Local Storage Integrated Twitter feed

Marketing cookies

Cookie name Duration Cookie purpose
fr 3 Months Facebook Advertising - Used for Facebook Marketing
_fbp 3 months Used for facebook Marketing
Card-spend abroad jumps 114% on October 2020

30 Nov 2021 / ireland Print

Card-spend abroad jumps 114% on October 2020

Total card spending, including ATM withdrawals, fell 2% cent, (or €147 million) in October 2021 compared with the previous month, new Central Bank data shows.

This equated to €7.3 billion, a decrease of 2% (or €147 million) compared with the previous month. 

In annual terms, however, an increase of 15% (or €973 million), was recorded.

Online spending

Online spending in October dropped by 5% (or €141 million) compared with  the previous month, while in-store spending was unchanged.

Card expenditure outside of Ireland declined by 3% compared with September, although it was 114% higher than in October 2020.

The latest daily data to 21 November, however, shows that total spending increased during the month, with the total 3% higher – (up €166 million) on the same 21-day period in October.

Social activity spending

People spent more on social activities (+4%) in October compared with the previous month, with restaurant and entertainment spending increasing by 3% and 5%, respectively. 

Spending on education fell sharply in October, declining 66%, month-on-month. This reflected seasonal decreases following the beginning of the academic year in September. 

Point of sale spending

Point of sale (PoS) spending was 2%  lower in October compared with the previous month, at €6.2 billion.

In annual terms, PoS spending was 17% higher than October 2020. ATM withdrawals, however, were down by 2%, month-on-month, to €1.1 billion.

Despite increasing in annual terms, ATM withdrawals remain subdued compared with pre-pandemic levels, and are 30% below October 2019.

The volume of PoS card transactions remained flat in October compared with September, and 20% above October 2020 levels. 

The average value of transactions decreased by 2% from September 2021, to just under €44 per transaction.

Retail spending

Retail spending jumped 2% in October compared with September 2021. Spending on clothing saw the largest percentage increase of 5% (or €15 million) in monthly terms.

In annual terms, retail spending was broadly in line with October 2020, but the notable increase of 15% in spending on clothing was offset by a 17% decline in spending on electrical goods.

In annual terms, spending on services is up 47% – driven by transport (€212 million), and accommodation (€171 million).

Social spending increased by 4% compared with the previous month, and 65% compared with October 2020. Restaurant spending grew by 3% (or €14 million) compared with September. This represented a 112% increase  on October 2020.

Entertainment spending was up 5% (or €12 million) in October, compared with the previous month. 

Total in-store spending remained flat at €3.4 billion. This represents a 21% increase, however, over October 2020 levels.

Gazette Desk
Gazette.ie is the daily legal news site of the Law Society of Ireland