Tuesday 24 October 2017

Retail sales: August volumes down by 1.6pc

Retail sales fell in August
Retail sales fell in August
Ailish O'Hora

Ailish O'Hora

Retail sales fell by 1.6pc in August with the drop largely due to a spike in car sales the previous month.

New figures from the Central Statistics Office showed that if car sales were excluded the drop in the volume of retail sales was 0.2pc compared with July.

The spike in motor sales came after the introduction of the ‘132’ car registration plate.

On an annual basis, retail sales were 2.6pc higher than in August of last year and 1.2pc up when cars are excluded.

Big gains were recorded in the sale of electrical goods, up 7.9pc, furniture and lighting and clothing and textiles.

Car sales were down 9.7pc on July, and other drops were recorded in the sale of hardware goods like paint.

Irish Independent

Also in Business