Retail sales flat-line month-on-month in May

business
Retail Sales Flat-Line Month-On-Month In May Retail Sales Flat-Line Month-On-Month In May
Retailers had posted their strongest monthly sales in more than a year in April
Share this article

Padraic Halpin, Reuters

Retail sales volumes were unchanged month-on-month in May and 0.3 per cent higher than the same period a year ago, Central Statistics Office data showed on Tuesday.

Department store, electrical goods and hardware sales grew sharply on the month, while furniture, clothing and car sales fell substantially. Retailers had posted their strongest monthly sales in more than a year in April, when they grew by 4.1 per cent.

Even with annual inflation at a near 40-year high of 7.8 pet cent, the value of retail sales excluding motor trade fell by 0.1 per cent year-on-year in May, the first month-on-month drop in 2022.

Advertisement

Read More

Want us to email you top stories each lunch time?

Download our Apps
© BreakingNews.ie 2022, developed by Square1 and powered by PublisherPlus.com