€8.5 Billion Spent On Credit A...

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€8.5 Billion Spent On Credit And Debit Cards In May

Tom Douglas
Tom Douglas

01:34 30 Jun 2022

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€8.5 billion was spent on credit and debit cards, including ATM transactions in May.

That's the highest value recorded by the Central Bank and represents an increase of 12% on April.

Paul Painter / Alamy Stock Photo

Entertainment Spending Up

The increase in spending on debit and credit cards in May was predominantly driven by a monthly increase of €668 million in debit card point of sales spending.

Overall €8.5 billion was spent on cards including ATM transactions in May.

That represents an increase of 12% on April and the highest figures since statistics were compiled.

The figures from the Central Bank show transport and accommodation sectors continue to see large year-on-year increases last month at 239% and 314% respectively.

Annual spending on clothing rose by 12% to €360 million.

Social spending increased dramatically in May compared to last year.

It was up 85% , as the economy reopened.

Spending in restaurants is up 130% or €305 million.

Meanwhile, entertainment spending's up 48% or €91 million.

Main photo: Robert K Walker / Alamy Stock Photo

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