Longford credit card spend splurge gives much needed tonic to local economy
Longford witnessed the highest spending increase among Bank of Ireland credit card customers last month, a new survey has found.
An analysis of debit and credit card transactions during May saw Longford consumers outstrip the likes of Offaly, Cork, Kerry and Monaghan customers in a revelation which looks set to give a much needed tonic to the local economy.
Social spending in May rose by 14% (following a 4% drop in April), with pubs enjoying a 21% spending spike, outlay in fast-food outlets going up by 15% and restaurant spend rising by 14%.
The spending data also revealed that people were keen on enjoying their home comforts by getting back into ‘hosting’ mode, with catering spend increasing by 17%.
May was a more positive spending month nationwide, following on from April when only one county (Longford) posted a spending increase. Consumer outlay in Offaly (+14%), Cork (+13%), Kerry (+11%) and Monaghan (+11%) all rose much higher, with Longford once again leading the way with spending in the county during May rising by 18%.
On an international level, spending in some of the traditional holiday destinations remained steady, whilst a host of travellers flocked to the likes of Croatia (+65%), Norway (+65%) and Sweden (+21%) looking to broaden their horizons.
A Longford man who is currently serving a three and a half year jail term for his involvement in a vicious feud related stabbing is facing fresh charges from Criminal Assets Bureau (CAB) chiefs.
Commenting on May’s spending data, Jilly Clarkin, Head of Customer Journeys & SME Markets at Bank of Ireland said: “Whilst April’s spending levels painted a mixed economic picture consumers certainly didn’t hold back in May, sparking an overall spending rise of 13% and boosting social, retail (clothing spend rose by 16%) and accommodation businesses amongst others.”
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