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Irish annual retail sales growth slows to 1.1%

Written by Robert McHugh, on 28th Jun 2019. Posted in General

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Irish retail sales volumes posted their weakest annual growth in four months in January with falls in vehicle, fuel and food sales pushing year-on-year growth down to 1.1%, data from the Central Statistics Office showed on Friday.

Annual growth had topped 4% in each of the previous three months but the 2.4% month-on-month drop in May was the sharpest in more than a year.

Excluding car sales, which have steadily fallen since Brexit as consumers import more used cars due to the sharp fall in the value of sterling, core retail sales volumes posted an annual increase of 3.6%, still down sharply from 6.2% a month earlier. (Reuters)

Source: www.businessworld.ie 

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