Retail spending in Dublin surged between July and September, driven by the lifting of Covid-19 restrictions and pent up consumer demand.
That's according to new figures from the latest MasterCard SpendingPulse report, produced on behalf of the four Dublin local authorities.
It shows that total retail spend jumped by 14.9% in the third quarter, reaching the highest level of spending since the data started to be gathered in 2014.
According to the report, a boost in spending levels in the discretionary and entertainment categories was the main driver.
Discretionary spending was up almost 65%, while the entertainment sector saw an almost 70% increase in spending – despite both coming from low bases.
Despite falling back by 9% from a record high in the second quarter of this year, household goods spending remained broadly stable year on year.
When it comes to online shopping, the report reveals a 5.3% fall in online retail spending during the three month period, although spending was still up 3.1% on the same quarter last year.
On a year-on year basis, the report shows that Dublin retail spending grew by 10.5%.
On a national level, the growth in spending was more limited in the third quarter, up 1.9% on the previous quarter and 9.5% on the same time last year.
The report shows that spending by overseas tourists in Dublin continued to recover, up 40% compared to the previous quarter and 63.5% compared to the same time last year.
The strongest expansion was from the French market where growth of over 71% was recorded compared to the previous quarter.
This was followed by the German and UK markets.
However, spending by US and Chinese tourists remained subdued in the quarter and is likely to take quite some time to recover.