Ireland's retail sales jumped 5.7 percent from the previous month in August 2019, reversing a revised 4.4 percent slump in July, mainly boosted by sales at motor trades (12.0 percent vs -12.9 percent) and bars (10.6 percent vs -8.1 percent). By contrast, the sectors with the largest monthly decreases were fuel (-4.4 percent vs 2.3 percent) and pharmaceuticals, medical & cosmetic articles (-3.3 percent vs 5.2 percent). Retail Sales MoM in Ireland averaged 0.20 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 -1.40 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 0.60 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.