Retail sales in Ireland grew 2.1 percent month-over-month in April of 2019, recovering from a 0.6 percent drop in the previous month. The sectors with the biggest monthly gains were motor trades (7.4%) and books, newspapers & stationery (7.0%) while the largest decreases were posted by furniture & lighting (-7.4%) and bars (-5.4%). Year-on-year, retail trade advanced 4.0 percent, slowing from a 5.1 percent surge in the previous month. Retail Sales MoM in Ireland averaged 0.23 percent from 2000 until 2019, reaching an all time high of 8.70 percent in March of 2015 and a record low of -14.40 percent in January of 2009.
Retail Sales MoM in Ireland is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Ireland to stand at -0.40 in 12 months time. In the long-term, the Ireland Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.