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About LinkBacksAnd down -1.8% on February. This is a major deterioration from the -0.1% recorded for February yoy. Retailers are selling 2.1% less goods by volume this March than March 07. Motor trades appear to be the taking the biggest hit.
And down -1.8% on February. This is a major deterioration from the -0.1% recorded for February yoy. Retailers are selling 2.1% less goods by volume this March than March 07. Motor trades appear to be the taking the biggest hit.
Originally Posted by kerrynorth
What did you expect we are experiencing downturns in both the global and domestic economy!
There's a lot to be said for the fellow who doesn't say it himself. -- Maurice Switzer
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If they're down -2.1% does that mean that they're up 2.1%?
The future saviour of the Irish Economy:
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If new car sales are excluded, the volume of retail sales was up 1.2% year-on-year in March and up 2.1% year-on-year in Q1. These are much higher increases than most Eurozone countries are seeing (in France and Germany the volume of retail sales was down year-on-year). Normally, of course, new car sales should not be excluded. But, this year new car sales are distorted by the fact that 70% of new cars are going to see large price reductions on 1st July. Therefore, I'd expect new cars sales to show large falls year-on-year in April, May and June, which is bound to affect the overall retail sales volume figures in those months. In July new car sales should increase year-on-year. So, this year we won't know the true picture regarding retail sales until a couple of months after 1st July, when the distorting effect of the price changes has worked its way through.
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