Consumer spending increased significantly in Ireland in October with household goods experiencing a 14.2% spike as homeowners spent more on home improvements, the latest research from Visa Europe indicates.

Clothing stores and shoe shops also performed impressively, recording a 12.3% increase.

Hotels and restaurants experienced a welcome increase in turnover with sales up 11.5% from October 2014. A significant increase in pub spending is explained, the report claims, by a number of televised high-profile sporting events including the rugby World Cup.

The broad-based increase in spending extended to eCommerce which experienced an annual increase of 10.6%.

Spending on all Visa debit and credit cards climbed by 6.8% in October compared to the same period last year. This follows a 5.5% increase in the month of September.

Source: www.businessworld.ie