Volume of retail sales up 1.7% in March 2024

The value of Retail Sales was up by 0.7% in the month and rose by 1.6% in the 12 months to March 2024.



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30 April 2024

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In March 2024, the volume of retail sales increased by 1.7% in the month and was up by 1.0% in the 12 months from March 2023, research shows.

According to the latest, Central Statistic Office (CSO) statistical publication, the proportion of retail sales transacted online (from Irish registered companies) was 5.0% in March 2024 compared with 5.0% in February 2024 and 5.8% in March 2023.

Monthly changes

The largest monthly volume increases were recorded in Department Stores which surged by 15.7%, Books, Newspapers & Stationery rose by 4.4%, Motor Trades by 3.4%), and other retail sales by 1.7%.

The highest monthly volume decreases were in Electrical Goods which fell by 4.9%, Hardware, Paints & Glass by 4.7%), and Furniture & Lighting by 3.8%.

Commenting on the release, Stephanie Kelleher, statistician in the Business Statistics Division, CSO, said: “The volume of Retail Sales rose by 1.7% in March 2024 when compared with February 2024 on a seasonally adjusted basis. On an annual basis, retail volumes were 1.0% higher than in March 2023.

“When Motor Trades are excluded, the volume of retail sales increased by 0.3% in the month and rose by 1.6% in the year when compared with March 2023.”

Read more: CSO reports 3.1% increase in cost of full Irish breakfast



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