Davy Research

Irish economy

Retail sales steady in October

DAVY VIEW

The October retail sales data show volume steady on the month and up 4.5% year-on-year (yoy). Excluding volatile motor trades, sales were down 0.3% and up 6% yoy. Overall, the data show something of a pause in growth last month, but the outlook remains positive with employment and wages continuing to grow strongly.

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