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Irish Retail Sales are still contracting.

  • 27-01-2011 9:22pm
    #1
    hinault
    Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭


    Retail sales in Ireland continues to contract
    http://www.finfacts.ie/irishfinancenews/article_1021501.shtml




    The volume of Irish retail sales (i.e. excluding price effects) dipped by 3.1% in December 2010 when compared with December 2009 and there was a monthly decrease of 1.1% - - December was a month of record temperature lows which impacted on retail activity in the key Christmas period.
    The Central Statistics Office (CSO) said today if Motor Trades are excluded, the volume of retail sales decreased by 3.6% in December 2010 when compared with December 2009, while there was a monthly decrease of 2.5%.
    Motor Trades (-8.0%), Fuel (-21.7%), Furniture and Lighting (-21.5) and Bars (-9.9%) were amongst the ten categories that showed year-on-year decreases in the volume of retail of retail sales this month.

    Non-Specialised Stores (+2.2%), Department Stores (+5.3%) and Electrical Goods (+5.1%) were the only categories that showed year-on-year increases in the volume of retail of retail sales this month.

    The value of retail sales decreased by 4.1% in December 2010 when compared with December 2009 and there was a month-on-month change of -0.9%.

    If Motor Trades are excluded, there was an annual decrease of 3.3% in the value of retail sales and a monthly decrease of 1.3%.
    Provisional estimates are now available for the final quarter of 2010 and these figures show that the volume of retail sales decreased by 0.6% year on year in the fourth quarter, with the value decreasing by 2.1%.

    If Motor Trades are excluded the volume of retail sales decreased by 1.8% year on year in the final quarter of 2010 and the value of retail sales decreased by 2.4%.


    Annual estimates show that
    the volume of retail sales increased by 0.9% in 2010 compared to 2009 and the value of retail sales decreased by 2.0% in 2010 compared to 2009.
    If Motor Trades are excluded, the volume of sales decreases by 1.8% in 2010 compared to 2009 and the value decreased by 4.3% in 2010 compared to 2009


Comments

  • #2
    ardmacha
    Registered Users, Registered Users 2 Posts: 7,476 ✭✭✭ardmacha


    Fuel (-21.7%),

    This is the number that shows the problem, people were not out and about in many parts of the country for much of the month.

    Otherwise some of the decrease in the value of sales may reflect price decreases, tough on business but not bad for Ireland Inc.


  • #3
    whiteonion
    Closed Accounts Posts: 837 ✭✭✭whiteonion


    People are skint, how are they supposed to be able to shop more?


  • #4
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    I second that whiteonion. The cold snap in December hiding what's going on. Yes fuel sales will be up in January from December for obvious reasons like no snow & ice. expect some economic propaganda next month over this.

    Today is Jan 28th when many people who have jobs get paid. I and my colleagues who are just ordinary earners just got hit severely in the pocket. What do people do when they have less?

    They cutback, spend less especially on non-essentials, pay down their bills(like expensive electricity from the cold snap) and save to give themselves a cushion. And that's just for those with no debts! Expect the gloomy picture to continue.


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