Hospitality Spending Fell in June

Irish consumers cut back on spending in pubs and restaurants in June, according to new Bank of Ireland figures that suggest inflation is starting to bite.

The bank’s  data are based on spending on its debit and credit cards and show fallbacks for a large range of goods and services in June from May, possibly because households are anticipating paying more for their bills in the autumn and winter.        

Spending in pubs fell by 8% in the month, while 3% less was spent in restaurants, Bank of Ireland said. Spending on sun holidays rose sharply from May, as expected. 

"It’s probably too early to identify a clear trend, but some people may be getting more prudent with their money as they look ahead to the second half of the year," the bank's Jilly Clarkin said.

Separately, a survey by showed the number of job vacancies was levelling out, with a rise of 4% in vacancies in the three months to the end of June. Retail, hospitality, tourism and travel continue to have a large number of vacancies, but there was only an increase of 1% in vacancies for jobs in IT.