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Nielsen Reports Rise In Irish Grocery Spending

Published on Aug 23 2016 8:56 AM

Nielsen Reports Rise In Irish Grocery Spending

Irish consumer spending on everyday grocery items such as food, drinks and toiletries has increased year on year for the fifth consecutive quarter, according to Nielsen’s latest report on retail performance data.

The volume of fast-moving consumer goods purchased in Ireland rose 1.3% year-on-year. The average prices paid for those goods also rose 1.3%, resulting in a total 2.6% of takings at the tills for grocery retailers—the fourth highest figure since Nielsen began measuring this data almost eight years ago.

Of the 21 European countries measured, the Irish market had the fifth highest figures, outperforming Europe as a whole (0.8% rise) and the UK (-1.6% decline). The UK’s decline is its worst performance in nearly two years.

The highest growth in takings at the till was in Turkey (+8.9%) while the lowest was in Greece (-7.2%). Of the big five western European markets, Spain had the highest growth, of 2.1%.

© 2016 - Checkout Magazine by Donncha Mac Cóil

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