Retail trade in Ireland was unchanged from a month earlier in October 2018, following an upwardly revised 1.8 percent growth in September. A sharp increase in sales of pharmaceuticals, medical & cosmetic articles (9.3 percent) and furniture & lighting (2.8 percent) was offset by a decline in trade of other retail sales (-19.8 percent) and bars (-4.6 percent). Year-on-year, retail sales growth eased to 5.8 percent in October from 6.4 percent in the previous month. Retail Sales MoM in Ireland averaged 0.22 percent from 2000 until 2018, reaching an all time high of 14.60 percent in July of 2015 and a record low of -14.40 percent in January of 2009.
Retail Sales MoM in Ireland is expected to be 0.20 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.