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CSO Reports Slowest Retail Sales Growth Since March 2018

Published on Feb 28 2019 12:50 PM

CSO Reports Slowest Retail Sales Growth Since March 2018

Retail sales in January 2018 reported the slowest annual growth since March, according to provisional figures released by the Central Statistics Office today.

Volume sales increased by 1.2%, annually adjusted, while the value of sales rose by just 0.2%. This represents the smallest since March 2018, where volume and value sales dropped by 1% and 1.9% respectively compared to March 2017.

Seasonally adjusted, retail value sales fell by 0.6% compared to December, marking the third month of consecutive negative growth.

Retail volume sales fell by 1.2%, seasonally adjusted, also marking the third month of consecutive decreases.

If Motor Trades are excluded, there was an increase of 0.7% in the volume of retail sales in January 2019 when compared with December 2018, and there was an increase of 4% in the annual figure.

There was also an increase of 0.2% in the value of retail sales in the month, with an increase of 2.3% in the annual figure, again, excluding Motor Trades.

Ten-Month Low

Non-specialised stores, which includes supermarkets, saw relatively flat value and volume growth, with value sales dropping by 0.1% compared to December 2018, and volume sales marginally increasing by 0.1%.

Annually adjusted, the value sales in the category jumped by 4.4%, with volume sales rising by 5.5%.

Food, Beverage, and Tobacco sales fell by 0.7% in value terms against December, but rose by 0.6% when compared with January 2018.

The volume of Food, Beverage, and Tobacco sales also fell on a monthly basis, falling 1.5%, and fell by 1.5% compared to January 2018.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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