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About LinkBacksFebruary retail sales were -0.1% lower than February 07 and -1.9% down on January. This is the first time in 4 years that retail sales have contracted yoy.
Excluding the motor trade there was a yoy 2.3% increase and a monthly -0.3% decrease.
February retail sales were -0.1% lower than February 07 and -1.9% down on January. This is the first time in 4 years that retail sales have contracted yoy.
Excluding the motor trade there was a yoy 2.3% increase and a monthly -0.3% decrease.
Ah sure the FF boyos will be on here in no time saying that it is an innacurate survey or a blip.
A BIG FAT NO TO ANY NEW EU TREATY
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MERKOZY CAN GO TO HELL!!
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Originally Posted by Aindriu
Ah sure the FF boyos will be on here in no time saying that it is an innacurate survey or a blip.
of the fundamentals are sound.....zzzzzzzzzzzzzzzzzzzzzzzzzzzz
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Link: http://www.cso.ie/releasespublications/ ... nt/rsi.pdf
Scary how the pillars of recent Irish growth are shrinking; first construction, now consumption, and exports are feeling the squeeze too.
I don't think anyone is to blame for all these things but there's a remarkable confluence of events at national and international levels with a lot of negative data.
One positive that isn't materialising is cheaper imports with the strong euro. At least that would ease inflation.
Ach shure bejaysus how could anyone be to blame, shure isn't it just the will of the Gods begorrah, shure the fact we've got a wildly unbalanced economy entirely reliant on construction and boom-bling spending - with a bloated inefficient costly non-performing public sector, third world infrastructure, no indiginous industry, drowning in anti-competitive practices, cartels and stealth taxes - wouldn't have anything to do with having the Builder's Party in power for 11 years, shure how could it? Don't see the connection there at all, to be shure to be shure.
*bangs head off brick wall repeatedly*
*repeat to fade*
Je suis un loo-lah
Maybe this retail sales recession is being brought on by not giving pay increase to match the rising cost of living! DOH!!!
Time for the Irish Goverment to do the honorable thing and go. If thay have any honour left.
Ach shure bejaysus how could anyone be to blame, shure isn't it just the will of the Gods begorrah, shure the fact we've got a wildly unbalanced economy entirely reliant on construction and boom-bling spending - with a bloated inefficient costly non-performing public sector, third world infrastructure, no indiginous industry, drowning in anti-competitive practices, cartels and stealth taxes - wouldn't have anything to do with having the Builder's Party in power for 11 years, shure how could it? Don't see the connection there at all, to be shure to be shure.
*bangs head off brick wall repeatedly*
Brilliant!
*repeat to fade*
A BIG FAT NO TO ANY NEW EU TREATY
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MERKOZY CAN GO TO HELL!!
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Healthcare is a RIGHT, NOT a privilege!!!
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Probably brought about by a combination of consumers inability and reluctance to take on debt to fund consumption.
Brought on by the greed of retail outlets to suck the consumer dry.
Time for the Irish Goverment to do the honorable thing and go. If thay have any honour left.
Don't hate the player. Hate the game.
Consumers were all too willing victims.
The future saviour of the Irish Economy:
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