Spending in the economy recovered in November and a new record for e-commerce was reached, despite Level 5 restrictions being in place, according to new figures from the Central Bank. 

The Central Bank's Credit and Debit Statistics, which includes ATM withdrawals, show that during November total spending was €6.5 billion. 

That was 2% higher than in October and marginally higher (up 0.3%) than November 2019. 

Today's figures also show that the number of ATM transactions continues to fall. They fell by 10% in November but on a yearly basis, they are down 45%.  

Conversely, e-commerce has continued to account for a bigger slice of spending. Total e-commerce was worth €2.7 billion in November.

This was an increase of 19% on October and an increase of 35% compared to year ago.  

E-commerce accounted for a record 50% of all card transactions in November, which is just ahead of 49% recorded in April. But the amount spent on those transactions is up 61%.  

The biggest jump in spending was for electrical goods where purchases were up 34% in the month and 50% compared to a year ago. 

Groceries were up 2% in November but 29% compared to a year ago. 

The Central Bank figures show that total spending on services was 1% on October but still down 13% compared to last year. 

Spending on transport was down 54% annually while accommodation was down 64%. 

Spending on utilities was up 27% in the month and 56% annually, the Central Bank added.