Social spending took a significant hit in September but rebounded in October, according to new debit and credit card figures from Bank of Ireland.

They show that social spend was up 5% compared to the previous month, with spending in pubs up 12%, fast food purchases up 9% and restaurant spend up 2%.

Today's data reveals that total spending in October rose 2% compared to September.

Spending across the retail sector jumped 7%, with spend on clothing up 14% and groceries up 8%.

October was a rainy month, which may partly explain the spike in cinema spend - up 44% compared to the previous month.

"A notable surge in cinema spend may be linked to the release of 'The Banshees of Inisherin' last month, which had people flocking to the big screen," said Jilly Clarkin, Head of Customer Journeys and SME Markets at Bank of Ireland.

"To see both the retail and social sectors perform strongly in October is a positive sign, and total spending held up well following a dip in September and when compared to last year," she added.

Ms Clarkin said younger consumers are driving this spending, with those aged 26 to 35-year-olds recording a 7% spike in October, followed by the 36 to 45 age cohort who's spending rose by 5%.

She said this contrasts with 56 to 65-year old's - where spending dipped by 2% and over-65’s where spending was flat for the month.

As temperatures remained relatively high for this time of the year, the figures show that spending on utilities increased by just 3% in October.