Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Advertisement

Retail sales fell 1.1% in November - CSO

Retail Excellence Ireland says it is “not surprised” with decrease, pointing to the timing of the Budget and ‘kite flying’ by the Government for the fall in consumer sentiment.

Image: Pressmaster via Shutterstock

RETAIL SALES FELL 1.1 per cent in November when compared to the previous month, newly released figures from the Central Statistics Office show.

In addition to the month-on-month fall, there was an annual decrease in the volume of retail sales of 0.5 per cent when compared to 2011.

The CSO figures show that when motor sales figures are excluded, the volume of retail sales decreased by 1.0 per cent in November 2012 when compared with October 2012 and an annual increase of 0.3 per cent is seen.

The sectors with the largest month-on-month volume increases are bars (+3.2 per cent), furniture and lighting (+2.7 per cent) and department stores (+2.4 per cent). The sectors with the largest monthly decreases were electrical goods (-17.8 per cent) and, fuel (-3.2 per cent).

The value of retail sales decreased by 1.2 per cent in November 2012 when compared with previous month, while an annual decrease of 0.2 per cent was noted.

When the motor trades was excluded, a monthly decrease of 1.0 per cent in the value of retail sales and an annual increase of 0.6 per cent was seen.

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

‘Nor surprised’

Retail Excellence Ireland, Ireland’s largest retail group, has said it is “not surprised” with the decrease in the volume and value of retail sales in November.

“The main factor contributing to this decrease was the scheduling of the budget in December last year. The kite flying for Budget 2013 did not help retail sales or consumer sentiment and caused many consumers to postpone their spend,” said David Fitzsimons, CEO Retail Excellence Ireland.

However, we welcome the move by the Government to schedule next year’s Budget to October 2013. This is something which Retail Excellence Ireland has campaigned for on behalf of its 11,000 store members and will provide retailers with a much-needed boost for Christmas 2013.

Read: SuperValu launches country’s first grocery shopping app
Read: Retailers report up to 10 per cent rise in St Stephen’s day sales

About the author:

Read next:

COMMENTS (2)