St Patrick’s Day cheer puts Brexit woes in the shade - News Summed Up

St Patrick’s Day cheer puts Brexit woes in the shade


Dancers take part in a St Patrick’s Day parade in Dublin on March 17 CHARLES MCQUILLAN/GETTY IMAGESA boost in spending in bars and restaurants for St Patrick’s Day helped consumer spending to rise at its fastest pace in five months during March. Visa’s Irish consumer spending index, which measures all payment types, including those made with cash and online, found that consumer spending jumped by 2.7 per cent during the third month of this year compared with the same period last year. This was much higher than in February, when consumer spending dropped by 0.6 per cent compared with the same month in 2018. This was partly attributed to consumers being nervous about the then-looming deadline for the UK’s withdrawal from the EU. Bars, restaurants and hotels profited from the holiday spending ALAMYDespite the improvement, the study, produced by IHS Markit, a UK global information provider, found that the rate…


Source: The Times April 17, 2019 23:04 UTC



Loading...

Loading...