Retail sales slow by 1% on an annual basis in May

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New figures from the Central Statistics Office show that retail sales fell by 0.6% month-on-month in May to stand 1% lower than a year earlier - the largest annual drop in over a year.

The CSO said that excluding volatile car sales, retail sales volumes were 0.3% lower on a monthly basis and 0.5% down on an annual basis.

Meanwhile, sales of hardware, paints and glass sales decreased by 2.4%, while furniture and lighting sales dimmed by 2.1% and electrical goods sales fell by 1.7%. On an annual basis, the CSO said the biggest volume declines in May were seen in other retail sales, which dropped by 6.4%, while sales of hardware, paints and glass fell by 5.5%, Department Stores sales slowed by 4% and food, beverages and tobacco sales in specialised stores were down 3.9%.

 

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