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New cars drive retail sales up
27 Feb 2015 16:04
New figures from the Central Statistics Office show that the volume of retail sales increased by 3.3% in January compared to the previous month on the back of stronger car and furniture sales.
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The CSO said there was an increase of 8.8% in the annual figure.
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If car sales are excluded, the CSO said there was a decrease of 0.1% in the volume of retail sales in January from December while it reported an increase of 4.8% in the annual figure.
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Today's figures show that the sectors with the largest monthly increases were "motor trades", which rose by 4.5% on the back of demand for the new 151 registration plates.
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"Other retail sales" increased by 4% and "furniture and lighting" sales grew by 3.9%.
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"Other retail sales" include the likes of home heating oil and sales in specialised stores such as jewellers and toy shops.
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