Figures show pre-Christmas spending slowdown

Visa says shops suffering as sterling, Black Friday boost online buying

7th December, 2016
Uncertain Christmas prospects for retailers. Pic:

Figures from payments group Visa show signs of a slowdown in consumer spending ahead of the key Christmas shopping season. This is despite a surge in online shopping, partly driven by the fall in sterling.

Visa’s Irish Consumer Spending Index, compiled with IHS Markit, showed that overall spending in November was 3.9 per cent ahead of the same month last year.

November’s growth was the weakest in 18 months and represented the second successive...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Susan O’Keeffe: We must work to turn Biden’s love of Ireland into tangible benefit

US Susan O'Keeffe 5 hours ago

Noelle O’Connell: Why Michel Barnier is our European of the Year

EU Noelle O'Connell 1 day ago

Comment: CETA offers us the hand-rolled cigarette of international investment law

Legal Oisin Suttle 1 day ago

Comment: 2021 must be the year to fix higher education funding