Analysis of debit card transactions by Bank of Ireland has revealed that Irish consumers have been spending more on home fitness products, gaming and streaming services during Covid-19.
The analysis has tracked debit card spend since the 12th of March and compared it with the average spend prior to restrictions being implemented by the Government in response to Covid-19.
It shows that retail spend during that period was boosted by online activity and a 37% increase in grocery shopping.
While overall debit card spend was down 25%, retail spend has shifted online with significant increases in gaming, clothing, electronics, household appliances, home fitness products and streaming services.
Streaming services are up 27% and since the well-timed Irish launch, Disney+ streaming spend has increased by over 500%.
There was an increase of 122% in Playstation spend, while Xbox increased by 86%.
Meanwhile, spend on air travel, passenger travel and accommodation has dropped more than 80%. Restaurant spend is down 69% as the recent trend towards a food delivery model continues.
