Irish economy

Retail sales growing strongly

  • Oct 27 2017, 12:40 IST/BST
  • Research Report
  • 4 page(s)


Today’s CSO release shows that core retail sales grew strongly in September, up 1.4% on the month and 7.7% year-on-year (yoy). Aside from volatile motor trades and fuels, retail volumes are higher across all sectors in 2017, with growth particularly strong in durable goods categories. The fall in sterling has helped Irish consumers, with retail prices now down 2.7% in the year to September. Overall, today’s data suggest that consumer spending grew strongly in Q3 and should be a key contributor to GDP growth in 2017.

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Oct 27 2017, 12:40 IST/BST