Davy Research

Irish economy

Retail sales growing strongly

DAVY VIEW

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.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download

Analyst(S)

JUMP TO