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Retail sales up for the third month in a row

The amount and value of Irish retail sales have risen by 0.9 per cent in September compared with August 2012.

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IRISH RETAIL SALES increased by 0.9 per cent in September 2012 compared with August 2012, making it the third increase in a row. According to figures released by the Central Statistics Office, there was also an annual increase of 1.4 per cent.

Excluding motor sales, the volume of retail sales increased by 0.6 per cent in September and there was an annual increase of 1.4 per cent.

Bar sales were up by 4.5 per cent, making it the sector with the largest month on month increase. Electrical goods were up by 2.8 per cent and department stores by 2.6 per cent.

Sales for books, newspapers and stationery decreased by 10.7 per cent, making it the sector with the largest monthly decrease. Fuel was also down by 1.8 per cent and food, beverages and tobacco specialised stores were down 1.5 per cent.

The value of retail sales also increased by 0.9 per cent in September when compared with August and there was an annual increase of 2.2 per cent. Excluding motor sales, there was a monthly increase of 0.5 per cent  in the value of retail sales and an annual increase of 2.2 per cent.

Retail Excellence CEO David Fitzsimons welcomed the increase in September sales but warned that ongoing speculation around Budget 2013 would affect Christmas shopping:

We urge all political parties to remain silent on Budget 2013 and refrain from making unhelpful comments until budget day.

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Retail Ireland Director Stephen Lynam said the digital switch helped boost television sales:

Electrical goods showed the largest increase, in large part due to the purchase of new television sets in time for the digital switch over. But furniture sales are down again, reflecting the continued depressed state of the housing market.

ISME Chief Executive, Mark Fielding added:

The last thing the retail sector needs is a budget based on severe austerity, further undermining consumer confidence, leading to less spending and resulting in further closures and additional job losses to the 55,000 already lost in this sector.

Is Budget 2013 affecting your Christmas shopping?


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Read: Retail sales and consumer sentiment up in July, August >

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