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Retail sales volumes slow down in November – CSO

By January 9, 2023No Comments

Retail sales volumes in November declined from the previous month as increases in sales of clothing and electrical goods failed to offset sharp falls in the bar and car sales.

New figures from the Central Statistics Office show that retail sales fell by 1.4% in November when compared with October on a seasonally adjusted basis.

Retail sales volumes were 4.2% lower in November compared to the same month in 2021 – the seventh consecutive month of annual falls.

Other Retail Sales – which includes the likes of carpets, games and toys, flowers, fertilisers, pet food and jewellery – fell by 25.8% compared to the same month in 2021, while motor trades slowed by 11%.

Sales in specialised stores were down 6.3% and furniture and lighting sales fell by 4.3%.

But sales in bars rose by 13.6% on an annual basis, while department stores sales were up 6.5%, sales of electrical goods increased by 5.1%. Meanwhile fuel sales grew by 3.9% and sales of clothing, footwear and textiles were up 3.5%, today’s CSO figures show.

The CSO said the proportion of retail sales transacted online – from Irish registered companies – stood at 6.3% in November 2022.

This compared with 4.6% in October 2022, 6% in November 2021, and 12.4% in November 2020.

Meanwhile, the value of retail sales in the fuel sector rose by 20.9% in the year to November, while the corresponding volume rose by 3.9%, which the CSO said was due to higher prices compared with the previous year.

The CSO said that when sales in the motor trade are excluded, retail sales volumes increased by 3.5% on a monthly basis and declined by 1.4% on an annual basis.

Article Source: Retail sales volumes slow down in November – CSO – RTE

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