Global performance management company, Nielsen Holdings, have today released their latest retail performance figures.
The figures show that in the second quarter of 2016, the volume of fast-moving consumer goods (FMCGs) purchased in Ireland rose 1.3% year-on-year, whilst the average prices paid for these goods also rose 1.3%.
Consequently, grocery retailers saw a 2.6% rise in takings at the tills – the fourth highest figure since Nielsen started measuring this nearly eight years ago.
Across the 21 European countries, Turkey had the highest growth in takings at the tills (+8.9%), whilst Greece had the biggest decline (-7.2%). Of the big five western European markets, Spain (+2.1%) had the highest growth.
The Irish market had the fifth highest figures among the 21 European countries measured, hugely outperforming Europe as a whole (0.8% rise) and the UK (-1.6% decline) – the latter’s worst performance in nearly two years.
Managing Director for Nielsen Ireland, Matt Clark says, "The recent upturn in FMCG sales in Ireland continues, in terms of both volumes purchased and prices paid. This is being driven by positive consumer confidence which is good news for retailers in the Republic, who are witnessing some of the best growth numbers in Europe today."
Source: www.businessworld.ie
