Credit card shelling out up, but ATM consumption smaller than last 12 months – Central Bank

Paying on credit as well as debit cards has went on to rise in August and is today above the daily average during August of 12 months which is previous, brand new figures from the Central Bank show.

Nevertheless, ATM withdrawals remain substantially down on previous 12 months.

This has pulled down the general day card spend, which in turn comes with ATM withdrawals, to three % below what it had been in August 2019.

But compared to its low point for mid-April, card spending is up 63 %.

The Central Bank has today printed statistics which detail flash card transaction data for July and some initial figures for this month – up to August twenty four.

The Central Bank said that debit and bank card spending has remained’ relatively stable’ in August with the daily devote up 9 % on the same month last 12 months.

Nevertheless, ATM withdrawals are down 31 % when compared to last year so the general spend remains smaller than August 2019.

The third phase of the lifting of restrictions in July was clearly evident in very last month’s card payments.

Retail spending remained relatively static in comparison to the earlier month with clothing in place nine % but groceries done three %.

But, the spend on food is still 36 % increased an annual basis.

Spending on electric goods and hardware also declined slightly in July by 2 % but both sectors remained more than 30 % bigger than in July last year.

There was, however, a jump of 160 % in paying on accommodation and a 24 % surge on travel.

But shelling out in each of those sectors is still way below what it had been in July previous year, with accommodation down fifty one % and transportation slouching sixty six % an annual basis.

Paying of joints was up 56 % in July but is still twenty % below year which is last.

The switch to paying on services by customers may have contributed to the spend on ecommerce remaining very static very last month at €2.2 billion, which is actually up one % on June.

But e commerce remains up sixteen % compared to last season as well as these days accounts for 41 % of complete card spending, the Central Bank said.