Dublin's retail spending rose by 1.6% from Q1 to Q2 this year despite the cost of living crisis.
Research conducted on behalf of the four Dublin local authorities by MasterCard SpendingPulse shows that retail spending in the capital grew for the fifth consecutive quarter. Growth in the Entertainment Sector skyrocketed 9.2% quarter on quarter, aided by the lifting of Covid-19 restrictions and the beginning of the summer tourism season.
Discretionary sales also grew QoQ, up 3%, which "highlights Dublin consumers’ ongoing willingness and ability to spend their disposable incomes in the face of increasing prices." However, the research warned that increasing inflationary pressures are "likely to be a major headwind for consumer spending in the coming quarters".
