Forex News

Retail sales in Ireland continued to decline in March

In March, Ireland's retail sales declined for the fourth consecutive month, as evidenced by preliminary data from the Central Statistical Office, published on Friday. The volume of retail sales in March fell by 2.2 percent on a monthly basis, a decrease of 0.5 percent recorded in February. Among the sectors with the largest decrease in the monthly volume were production of equipment, paint and glass, as well as furniture and lighting. Without taking into account the automobile trade, the retail sales volume decreased by 1.4 percent. On an annual basis, retail sales in March fell by 2.8 percent, after rising 1.6 in the previous month. The decrease is observed for the first time in eleven months. The value of retail sales in March decreased by 4.1% in annual terms and by 3.4% on a monthly basis.