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Financial News: Ireland Retail Sales Rise 0.9%

Ireland Retail Sales Rise 0.9%

01/29/2024 - 06:38:00 (RTTNews)

(RTTNews) - Ireland's retail sales increased for the second straight month in December, and at a faster pace, preliminary data from the Central Statistics Office showed on Monday.

The volume of retail sales dropped a seasonally adjusted 0.9 percent month-on-month in December, following a 0.5 percent recovery in the previous month.

Among categories, the largest monthly decline was observed in the motor trade, rising 5.2 percent. This was followed by other retail sales with a 2.7 percent gain. Sales of clothing, footwear, and textiles were up 2.1 percent.

Excluding motor trades, the volume of retail sales rose 0.3 percent over the month.

Meanwhile, sales of books, newspapers, and stationery fell 2.8 percent since November, and those of food, beverages, and tobacco in specialised stores dropped by 1.4 percent.

On a yearly basis, retail sales growth accelerated to a 5-month high of 3.9 percent from 1.1 percent in November.

Data showed that the sales value advanced 6.9 percent annually and by 2.1 percent monthly in December.

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