Ireland's retail trade increased 1.2 percent from a month earlier in June 2019, recovering from a 2.9 percent decline in May, boosted by sales of furniture & lighting (4.9 percent vs 2.9 percent) and motor trades (4 percent vs -1.7 percent). On the other hand, the sectors with the largest decreases were clothing, footwear & textiles (-2.9 percent vs -4.8 percent) and books, newspapers & stationery (-2.3 percent vs -2.5 percent). Year-on-year, retail trade growth eased to 0.1 percent in June from 0.5 percent in the previous month. 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 -0.40 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.