Ireland's retail trade jumped 38.4 percent from a month earlier in June of 2020, the largest monthly increase on record, following an upwardly revised 32.5 percent rise in May. In phase two of reopening on the 8th June, all remaining retail sectors were permitted to reopen their doors to consumers. Sales rose in all sectors, particularly furniture & lighting (+296.8 percent), clothing, footwear & textiles (+284.2 percent) and books, newspapers and stationery (+252.0 percent). On a yearly basis, retail sales increased 3.5 percent, after a downwardly revised 25 percent drop in May. On a quarterly basis, despite the recovery in May and June, the volume of retail sales in the second quarter of 2020 was 18.9 percent lower from the previous quarter and 21.8 percent below the same period of last year.
Retail Sales MoM in Ireland averaged 0.28 percent from 2000 until 2020, reaching an all time high of 38.40 percent in June 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 August of 2020. source: Central Statistics Office Ireland
Retail Sales MoM in Ireland is expected to be -0.10 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 0.30 in 12 months time. In the long-term, the Ireland Retail Sales MoM is projected to trend around 0.70 percent in 2021 and 0.50 percent in 2022, according to our econometric models.