Ireland's retail trade surged 29.5 percent from a month earlier in May of 2020, the largest monthly increase on record, recovering from a 12.5% fall in March and 35.8 percent fall in April as customers returned to stores following 2 months of lockdowns. Sales rose for motor trades (+153.9 percent), hardware, paints & glass (+92.5 percent), furniture & lighting (+85.9 percent) and other retail sales (+69.3 percent). On the other hand, sales fell for books, newspapers & stationery (-35.7 percent), pharmaceuticals, medical & cosmetic articles (-2.2 percent) and food beverages & tobacco (-1.9 percent). On a yearly basis, retail sales declined 26.6 percent, after an upwardly revised 43.7 percent fall in April.
Retail Sales MoM in Ireland averaged 0.12 percent from 2000 until 2020, reaching an all time high of 29.50 percent in May of 2020 and a record low of -35.80 percent in April of 2020. This page provides the latest reported value for - Ireland Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Statistics Office Ireland
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 0.50 in 12 months time. In the long-term, the Ireland Retail Sales MoM is projected to trend around 0.50 percent in 2021, according to our econometric models.