Irish June Retail Sales Growth Slows Further

Irish retail sales growth eased in June from the preceding month, provisional estimates from the Central Statistics Office showed on Friday.

Retail sales volume rose 1% year-on-year in June, slower than a 3.1% growth in the previous month. However, sales increased for the fifth successive month. A year ago, retail sales slipped 9.6%.

Sales in motor trade rose 13.9% in June from the previous year and non specialized stores grew 1.4%. Sales for clothing, footwear and textiles climbed 2.6%.

On a monthly basis, retail sales volume dropped 0.2% in June, following a 0.1% fall in May. Retail sales decreased for the second consecutive month.

Excluding motor trades, retail sales declined 1.3% on an annual basis in June, compared to a flat reading in the previous month. Sales slipped 0.5% compared to the preceding month.

Meanwhile, overall retail sales value dropped 2.8% annually in June, compared to a 0.3% fall in May. Retail sales value dropped for the second straight month. Month-on-month, the value of retail sales fell 0.7%, after rising 0.3% in May. Retail sales value, excluding motor trades fell 4.8% annually and was down 1.1% compared to the prior month.

The Irish economy is expected to grow 0.8% this year following a 7.6% contraction in 2009. Next year, economic growth would accelerate to 2.8%, the central bank said in its quarterly bulletin today. Irish economy had exited from its worst recession in the first quarter. The gross domestic product increased to 2.7% sequentially from 2.7% decline in the fourth quarter of 2009.

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Опубликовано: 2010-07-31 07:41:00 UTC+04 (МСК) 1 г, 6 мес, 1 нед, 2 дня, 44 мин назад

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