Retail Sales Volume decreases in August 2014
The Central Statistics Office report released yesterday shows the volume of retail sales (i.e. excluding price effects) decreased by 2.9% in August 2014 when compared with July 2014 and there was an increase of 6.8% in the annual figure. If Motor Trades are excluded, there was an increase of 0.3% in the volume of retail sales in August 2014 when compared with July 2014.
There was a decrease of 1.3% in the value of retail sales in August 2014 when compared with July 2014 and there was an annual increase of 5.3% when compared with August 2013. If Motor Trades are excluded, there was a monthly increase of 0.1% in the value of retail sales and an annual increase of 2.2%.
The sectors with the largest month on month volume increases were Furniture and Lighting (+11.0%), Bars (+2.6%) and Electrical Goods (+2.2%). The sectors with the largest monthly decreases were Motor Trades (-4.4%), Hardware, Paints & Glass (-2.6%) and Food, Beverages & Tobacco (-2.4%).
