Car sales push Irish retail sales sharply higher again


DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday.
DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday.
When a 23.5% year-on-year increase in motor trades was excluded, retail sales rose by 0.5% month-on-month compared with a headline monthly increase of 2.8% and were 0.4% lower than April 2022.
(Reporting by Padraic Halpin; Editing by Alison Williams)
Gross Domestic Product (GDP) is the total value of all goods and services produced in a country over a specific time period. It is a key indicator of a country's economic performance.
Motor trades involve the buying and selling of vehicles and related services. This sector includes car dealerships, repair shops, and parts suppliers, contributing significantly to retail sales.
Consumer perception refers to how consumers view a brand or product based on their experiences, beliefs, and feelings. It can significantly influence purchasing decisions and market trends.
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