Latest news with #AdrianMoynihan
RTÉ News
3 days ago
- Business
- RTÉ News
All-Ireland finals boost spending in July
The All-Ireland Senior Championship football and hurling finals boosted spending in July, the latest AIB Spend Trend report shows. AIB said its Cork customers spent €920,000 in Dublin on July 5, the day of their county team's All-Ireland Senior Hurling Championship semi-final victory over Dublin, but on July 20, when Cork lost to Tipperary in the final, disappointed Cork fans spent 13% less in the capital than they had on the day of their team's semi-final win. Meanwhile, Tipperary fans spent 27% more on the day their team claimed the Liam MacCarthy Cup in the July 20 final, than they had on the day of their semi-final win over Kilkenny on July 6th. And while Kerry may have won the Sam Maguire Cup, Donegal fans spent 12% more in Dublin than the Kerry fans did the day the two teams played in the All Ireland Senior Football Final on July 27. AIB noted that overall spending in July was up 9% on the same month in 2024 with online spend growing more strongly - up 14% - than instore spend - up 4% - over the 12 months. The average in store transaction was €28.80 compared to €96.90 for the average online transaction, the bank said. Groceries was one of few sectors where in-store spend held up strongly, with spending 6% higher overall and 93% of those purchases made in stores rather than online. But the spend on clothing rose just 1% in July compared to the same month a year ago, below the rate of inflation. Department stores saw expenditure fall by 1% in the 12 months to the end of July, AIB noted. Despite July being traditionally the peak tourist season, the picture for the domestic hospitality sector was mixed, today's report shows. Spend in pubs in Ireland was down 9% compared to the same time last year, with the biggest falls recorded in Wicklow (down 19.6%), Dublin (down 17.2%) and Clare ( down 11.1%), and the biggest increases in Kerry (11.6%), Donegal (6.7%) and Tipperary (3.4%) - all counties which were involved in the All-Ireland Senior Championship finals. But restaurant spend was up 10%, while the amount of money spent in Irish hotels rose by 3% and car rental spend motored 8% higher. AIB also noted an increase in public transport use coincided with spending on parking falling by 12% compared to July last year. Adrian Moynihan, Head of Consumer at AIB, said today Spend Trend report reflects the busy month that July was, with many people out and about enjoying the fine weather, the peak tourist season kicking off and a range of high-profile sporting and cultural events taking place. "It also highlights the resilience of consumer confidence, with overall spending up 9% year-on-year. Notably, online spending has surged by 14%, outpacing the 4% increase in in-store transactions," Mr Moynihan said. "While the hospitality sector experienced mixed results, with pub spending down but restaurant and hotel spending up, the data underscores the dynamic nature of consumer behaviour during the peak tourist season," he added. The data for today's report was compiled from 78 million card transactions carried out by AIB customers in store and online during July and has been anonymised and aggregated.
Irish Examiner
3 days ago
- Business
- Irish Examiner
Cork hurling fans' spending in Dublin plummeted following All-Ireland defeat
Disappointed Cork hurling fans' spending in Dublin plummeted following their county's All-Ireland final defeat compared to how much they splashed out following their semi-final win. According to its data, AIB's Cork customers spent €920,000 in Dublin on July 5, the day of the All-Ireland semi-final victory over Dublin. However, on July 20, the day Cork lost to Tipperary in the final, it fell by 13%. In contrast, Tipperary fans spent 27% more on the day their team claimed the Liam MacCarthy Cup than they had on the day of their semi-final win over Kilkenny on July 6. During the All-Ireland Senior Football Championship final on July 27, Donegal fans spent 12% more in Dublin compared to the Kerry fans, despite their team losing on the day. Overall, AIB's Spend Trend showed customer spending in July was up 9% compared to the same month in 2024. Online spend has been growing more strongly, up 14%, than in-store spend, up 4%, over the 12 months. The average in-store transaction was €28.80 compared to €96.90 for the average online transaction. AIB's head of consumer Adrian Moynihan said the data highlighted the 'resilience of consumer confidence'. 'While the hospitality sector experienced mixed results, with pub spending down but restaurant and hotel spending up, the data underscores the dynamic nature of consumer behaviour during the peak tourist season,' he added. Spending in pubs was down 9% compared to last year, whereas restaurant spend was up 10% and the amount of money spent in Irish hotels was up 3%. Groceries was one of few sectors where in-store spend held up strongly, with spending 6% higher overall, and 93% of those purchases made in stores rather than online. Spending on clothing rose just 1% in July compared to the same month a year ago. Entertainment spending was up 8% in July, while health spending rose by 7%. The data was compiled from 78 million card transactions carried out by AIB customers in store and online during July 2025.
Irish Independent
3 days ago
- Business
- Irish Independent
Loss to Tipperary put dampener on Rebel spending on All-Ireland final day, new figures show
But when it came to the final, which they lost to Tipperary after a second half collapse, the spending plummeted. Rebel County fans who came to the capital for the semi-final shelled out almost €1m (€920,000) on that first Sunday in July. But when the team succumbed to Tipperary in the final on July 20, their disappointed fans spent 13pc less, according to the latest AIB Spend Trend for July. In contrast, Tipperary fans flashed the cash when their team won the All-Ireland Senior Hurling Championship. The figures show the jubilant Tipperary fans spent 27pc more on the day their team claimed the Liam MacCarthy Cup than they had on the day of their resounding semi-final win over Kilkenny on July 6. Kerry may have won the Sam Maguire Cup, but Donegal fans spent 12pc more in Dublin than rival fans. Across the economy, the AIB figures show spending in July was up 9pc on the same month last year. Online spend has been growing more strongly. It was 14pc higher than in-store spending over the 12 months. The average in-store transaction was €28.80 compared with €96.90 for the average online transaction. Groceries was one of few sectors where in-store spending held up strongly. Spending was 6pc higher overall, with most of those purchases made in stores rather than online. In contrast, the spending on clothing rose just 1pc in July compared to the same month a year ago. Department stores saw expenditure fall by 1pc in the 12 months to the end of July, the AIB customer data shows. July is traditionally peak tourist season, but the picture for the domestic hospitality sector was mixed. Spending in pubs in Ireland was down compared with July 2024. The biggest falls in spending were recorded in Wicklow, Dublin, and Clare. ADVERTISEMENT Learn more The biggest increases were in Kerry, Donegal and Tipperary. These are all counties which were involved in All-Ireland Senior Championship finals. Expenditure in restaurants was up 10pc and the amount of money spent in Irish hotels was up 3pc. The data was compiled from 78m card transactions carried out by AIB customers in store and online during July 2025 and has been anonymised and aggregated. Data provided by AIB features one of the most comprehensive and accurate data sets on consumer spending in Ireland. Entertainment spending was up in July, partly driven by digital games which were 34pc higher than 12 months ago. Health spending was also up. As the holiday season got underway, car rental spend climbed 8pc. Head of consumer at AIB Adrian Moynihan: 'July's AIB Spend Trend report reflects the busy month that July was, with many people out and about enjoying the fine weather, the peak tourist season kicking off and a range of high-profile sporting and cultural events taking place.' He said the figures highlight the resilience of consumer confidence. Mr Moynihan said it was notable that online spending has surged by 14pc, outpacing the increase in in-store transactions.
RTÉ News
13-07-2025
- Business
- RTÉ News
Consumer spending up 9% compared to 2024
AIB said consumer confidence remained strong in June, with overall spending up 9% compared to the same time last year. The bank's latest Spend Trend showed that consumers are spending more on their utility bills, up 13% over the past 12 months, excluding telecoms. Electric Vehicle charging spend saw a significant increase of 59% year on year. Spend in restaurants and fast food outlets increased 6%, while spend on groceries increased by 2% in the 12 months to June. Car rentals also had a strong month, with a 12% increase, while spending on tolls and bridge fees was up by 5%. AIB said spend on event tickets on 17 June was 143% above the average daily spend in June, when tickets for the NFL match between Pittsburgh Steelers and the Minnesota Vikings went on sale. The digital games sector experienced a significant increase in spend year on year, up by 32% last month. AIB said 75% of the digital games sector spending was attributed to men, with the 25 to 34 age group being the most significant contributors. The biggest year on year increase in spend on digital games was in Roscommon (+61%), Monaghan (+58%) and Limerick (+48%). The Head of Consumer at AIB, Adrian Moynihan, said consumer spending continued to grow in June, "a continuation of the trend seen so far this year." "June was boosted by spending across a number of sectors; spending on tickets for the NFL game significantly boosted the amount spent on events, and the digital games sector also saw remarkable growth," he said. "Other sectors such as utilities, restaurants, jewellery and EV charging showed strong increases also," he added. AIB said the data was compiled from 75 million card transactions carried out by AIB customers in store and online during June 2025 and has been anonymised and aggregated.
Extra.ie
16-06-2025
- Business
- Extra.ie
Sonic Boom! - Record card transactions as Metallica fans nab tickets
Fans of the heavy metal band Metallica helped push credit card transactions to a new record last month. A surge in ticket sales for the Los Angeles rockers, who play two concerts in Dublin next year, helped to drive online card sales to a new high of 80 million purchases in Ireland. Added to this were hotel room bookings, the staging of the Bloom festival in the Phoenix Park and a spell of sunny weather, which also boosted the pub spend by 10% during the month. AIB's Adrian Moynihan said: 'Consumer spending continued to grow in May. 'It was a record month for card transactions. Overall, spend was up 9% year-on-year. Kirk Hammett, Lars Ulrich, James Hetfield and Robert Trujillo of Metallica. Pic:'In particular, May was a busy month for concert ticket transactions with the Metallica concert going on sale towards the end of the month.' Total spending from January to May was up 9% on last year, showing consumer confidence remains strong. Heavy metal fans helped spark a surge in concert ticket sales on May 30, as tickets went on general sale for Metallica's two Aviva Stadium concerts in June next year. Ticket sales were 76% above average on the day, thanks to the band's devoted fan base. The release of movies Mission: Impossible – The Final Reckoning and Lilo & Stitch helped push cinema ticket sales up 17% year-on-year, while hotel spending was up 8%. Pic:for Paramount Pictures The data was compiled from 80 million card transactions carried out by AIB customers, both in-store and online, last month. Spending in pubs was up 10% month-on-month, with the largest increase in Limerick, where it was up 16%. Louth and Longford both saw increases of 15%, while the smallest increases were in Wicklow, Roscommon, and Carlow, at 7%. Mr Moynihan added: 'The good weather and events such as the Women's Mini Marathon also had a positive impact on pub and hotel spend, with the hotel sector having its busiest day of the year so far on May 31, the day of the race. Pic: Ramsey Cardy/Sportsfile 'Grocery spending continues to rise, with an 8% increase year-on-year, and people are enjoying spending time at home and in the garden, as DIY and hardware spend continues to stay strong, with a 6% increase on the same month last year.' The spend on hardware increased 6% year-on-year and 3% month-on-month. The electric vehicle charging spend also increased, up 83% year-on-year, while the clothing spend rose 8% month-on-month. Grocery spending increased 8% year-on-year and 4% month on month, with the largest monthly increases in Longford, Monaghan and Galway. 'This information shows consumer confidence remains strong and is vital for businesses, enabling them to plan for both peak and off-peak periods throughout the year to effectively meet their customers' needs,' said Mr Moynihan.
