Source - Alliance News

Ireland’s retail sales volumes increased in February with both monthly and annual growth, provisional figures from the Central Statistics Office showed on Friday.

The volume of retail sales rose by 0.7% in February from the previous month on a seasonally adjusted basis. Compared to February 2024, volumes were up 1.8%.

Excluding motor trades, sales volumes increased by 1.2% on the month and by 1.6% annually.

The value of retail sales rose by 0.9% on a monthly basis and was 1.6% higher than a year earlier. Excluding motor trades, the value rose 1.6% on-month and 1.8% on-year.

The largest monthly volume increases were recorded in Pharmaceuticals, Medical & Cosmetic Articles, which rose by 11%, and Department Stores, which rose by 8.2%. Other Retail Sales and Fuel also saw increases of 2.2% and 2.0%, respectively.

Declines were recorded in Motor Trades, down 4.6%, Hardware, Paints & Glass, down 3.0%, Furniture & Lighting, down 0.7%, and Bars, down 0.4%.

On an annual basis, volume growth was strongest in Other Retail Sales, up 5.2%, followed by Clothing, Footwear & Textiles at 4.9%, Pharmaceuticals, Medical & Cosmetic Articles at 4.8%, and Department Stores at 4.4%.

The largest annual declines were seen in Electrical Goods, which fell by 9.6%, and Bars, down 6.1%.

Online sales accounted for 5.0% of total retail turnover in February, unchanged from a year earlier. Excluding motor trades, the proportion was 6.6%, up slightly from 6.5% a year ago.

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