Tuesday 19 September 2017

Scrappage rush masks retail sales fall

A LAST-MINUTE rush by drivers seeking to avail of the government scrappage scheme drove an increase in retail sales last month.

Central Statistics Office figures show sales rose by 1.1pc in June and 0.2pc in the last year -- the first annual improvement since January.

However, this is mainly down to a 22pc surge in car sales since last year as drivers snapped up new motors before the scrappage scheme ended.

While furniture and electrical goods have increased in the last year, most sectors have dropped.

Retail groups pointed to the fact that if you exclude car sales, the volume of purchases is down by 4.2pc compared with last year.

Irish Independent

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