Retail Sales Jump By 29.5% In May, Compared To April
The volume of retail sales in Ireland increased by 29.5% in May 2020 when compared to April 2020, a new survey revealed.
According to new figures from the Central Statistics Office (CSO) this was the largest monthly increase on record, following the substantial fall in the volume of retail sales recorded for March which fell by 12.5% and April which decreased by 35.8%, as the impact of the COVID crisis on the retail sector took hold.
However, on an annual basis, retail volumes were still 26.6% lower in May 2020 compared with May 2019, the CSO said.
Retail Sales Value
The research showed that here was an increase of 28.4% in the value of retail sales in May 2020 when compared with April 2020.
However, there was an annual decrease of 29.1% when compared with May 2019, the CSO added.
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