Business Irish

Friday 9 December 2016

Retail sales slump in June ahead of new car registrations

Published 28/07/2015 | 11:37

After six straight years of contraction, new car registrations rose 10.4pc last month across European markets
After six straight years of contraction, new car registrations rose 10.4pc last month across European markets

Retail sales slumped to a two-year low in June, data showed on Tuesday, as car buyers appeared to put off purchases until new registrations were issued in July.

  • Go To

Monthly retails sales volumes fell 3.9pc in June compared to the previous month, the sharpest fall since January 2013, but rose 0.4pc when motor vehicle sales were excluded.

That was an improvement on a monthly fall of 1pc in May of retail sales excluding motors.

Sales volumes were 5.4pc higher on an annual basis, the lowest level in seven months and well off the 12pc growth posted in April.

Reuters

Read More

Promoted articles

Editors Choice

Also in Business