Ireland's retail trade plunged 4.3 percent from a month earlier in July 2019, the most since April 2015, following a downwardly revised 0.7 percent growth in June. The sectors with the largest monthly decreases were motor trades (-13 percent vs 1.5 percent in June) and other retail sales (-11.5 percent vs 1.2 percent), while the biggest gains were seen in non-specialised stores (5.7 percent vs -1.4 percent) and pharmaceuticals, medical & cosmetic articles (4.7 percent vs -1.8 percent). Retail Sales MoM in Ireland averaged 0.18 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.