Davy Research

Irish economy

Irish retail sales maintain momentum into 2018

DAVY VIEW

This morning’s Irish retail sales data show core volumes up 5.7% on last year. The headline figures have been distorted by imports of cars from the UK, reflecting sterling’s weakness against the euro, contributing to a 2% decline in Irish retail prices. New data also show that Irish construction output expanded by 17% in 2017, with residential construction (up 25%) leading the recovery.

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