Retail sales jump 3.3% on back of strong car sales

Retail sales jump 3.3% on back of strong car sales, Retail sales jumped by 3.3 per cent last month on the back of strong car sales.

However, when the volatile motor sector is excluded there was a decrease of 0.1 per cent in sales for January.
The latest figures from Central Statistics Office (CSO) show, however, sales have risen by 4.8 per cent on an annual basis.

The sectors with the largest month-on-month volume increases were motor trades, which rose 4.5 per cent, “other retail sales” (4 per cent ), and furniture and lighting (3.9 per cent).

In contrast, the sectors with the largest monthly decreases were food, beverages and tobacco, which rose 6.3 per cent, pharmaceuticals and cosmetics (-6.3 per cent) and department stores (-3.2 per cent).

The figures also show there was an increase of 2.9 per cent in the value of retail sales in January compared with the previous month, and fell by 5.5 per cent on an annual basis.