Ireland's retail trade surged 2.1 percent from a month earlier in February 2019, following three consecutive months of decline, boosted mainly by sales of clothing, footwear & textiles (8.1 percent vs 0.3 percent in January) and motor trades (7.6 percent vs -7.1 percent). On the other hand, a fall was seen in sales of other retail sales (-3.9 percent vs 6.2 percent) and books, newspapers & stationery (-3.1 percent vs 5.1 percent). Retail Sales MoM in Ireland averaged 0.21 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 -0.60 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.