Consumers splurged most on getting both themselves and their homes summer ready
Consumers splurged on health and beauty last month with an 8 per cent increase while trends seem to suggest people are getting summer ready as spending on clothing increased by 3 per cent.
Despite these summer fuelled spikes in certain sectors, the data shows that groceries still account for the highest spend among consumers. There were decreases in the hospitality sector, including a 12 per cent drop in spending in places to drink and a 10 per cent decrease in hotel spending but AIB noted this could be attributed to May having a weekend less than April this year.John Brennan, head of SME banking at AIB, said that the data shows emerging summer spending habits, as well as further evidence of the rising cost of living.
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