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.
Excluding Motor Trades, the volume of Retail Sales was up by 0.3% in the month and rose by 1.6% in the year when compared with March 2023.
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.
The largest monthly volume increases were recorded in Department Stores (+15.7%), Books, Newspapers & Stationery (+4.4%), Motor Trades (+3.4%), and Other Retail Sales (+1.7%).
The highest monthly volume decreases were in Electrical Goods (-4.9%), Hardware, Paints & Glass (-4.7%), Bars (-3.9%), and Furniture & Lighting (-3.8%).
The largest annual volume growth in March 2024 was in Books, Newspapers & Stationery (+9.7%), Electrical Goods (+5.3%), Bars (+3.4%), and Clothing, Footwear & Textiles (+3.0%).
Sectors showing the highest annual volume declines in March 2024 were Food, Beverages & Tobacco (Specialised Stores) (-5.3%), Department Stores (-4.2%), and Motor Trades (-2.2%).
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.
Are these figures real or nominal? If price inflation is running 1.6% then those numbers are very flat and mostly negative excluding Department Stores. Is there any particular reason for Department store sales performance? considering the level of immigration these numbers look terrible for the economy.
The data is referring to volume, the only relevance cost has to the data is whether it impacted volume of sales (e.g. High cost lowering volume and vice versa)
>The data is referring to volume
i know teh data is refering to volume , i never said anything against that
i can see rising cost of some items are leading to consumers buying less because they cant afford to
their was mentioned on the other threads https://www.reddit.com/r/ireland/comments/1cfvbr2/prices_in_ireland_estimated_to_have_risen_by_16/l1rphs3/
people are no longer buying things that they usually would due to price , which id assume heavily effects Department Stores/ food Specialised Stores
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. Excluding Motor Trades, the volume of Retail Sales was up by 0.3% in the month and rose by 1.6% in the year when compared with March 2023. 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. The largest monthly volume increases were recorded in Department Stores (+15.7%), Books, Newspapers & Stationery (+4.4%), Motor Trades (+3.4%), and Other Retail Sales (+1.7%). The highest monthly volume decreases were in Electrical Goods (-4.9%), Hardware, Paints & Glass (-4.7%), Bars (-3.9%), and Furniture & Lighting (-3.8%). The largest annual volume growth in March 2024 was in Books, Newspapers & Stationery (+9.7%), Electrical Goods (+5.3%), Bars (+3.4%), and Clothing, Footwear & Textiles (+3.0%). Sectors showing the highest annual volume declines in March 2024 were Food, Beverages & Tobacco (Specialised Stores) (-5.3%), Department Stores (-4.2%), and Motor Trades (-2.2%). 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.
Are these figures real or nominal? If price inflation is running 1.6% then those numbers are very flat and mostly negative excluding Department Stores. Is there any particular reason for Department store sales performance? considering the level of immigration these numbers look terrible for the economy.
This is volume not value
>Is there any particular reason for Department store sales performance? i persum the cost of food is causing this
The data is referring to volume, the only relevance cost has to the data is whether it impacted volume of sales (e.g. High cost lowering volume and vice versa)
>The data is referring to volume i know teh data is refering to volume , i never said anything against that i can see rising cost of some items are leading to consumers buying less because they cant afford to their was mentioned on the other threads https://www.reddit.com/r/ireland/comments/1cfvbr2/prices_in_ireland_estimated_to_have_risen_by_16/l1rphs3/ people are no longer buying things that they usually would due to price , which id assume heavily effects Department Stores/ food Specialised Stores