Retail sales volume up 11% annually in February
Books, newspapers and stationery recorded the largest month-on-month sales volume increase according to the latest CSO data, rising by +7.8%
30 March 2016 | 0
The volume of retail sales increased by 0.3% in February 2016 when compared with January 2016 and there was an increase of 11.0% in the annual figure, the Central Statistics Office (CSO) reports.
Excluding motor trade figures, the volume of retail sales in February 2016 rose by 0.2% when compared with January 2016 and there was an increase of 7.1% in the annual figure.
The sectors with the largest month-on-month volume increases were books, newspapers & stationery (+7.8%), followed by other retail sales (+5.6%). The sectors with the largest monthly decreases were bars (-2.8%) and electrical goods (-2.4%).
Unfortunately, there was a decrease of 0.3% in the value of retail sales in February 2016 when compared with January 2016. However, in good news for the nation’s retailers, there was nevertheless an annual increase of 8.7% in retail sales value when compared with February 2015. If motor trades are excluded, there was a decrease of 0.4% in the value of retail sales and an annual increase of 4.7%.