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Cars lead retail sales lower

Car sales - Fell back in February
Car sales - Fell back in February

Figures from the Central Statistics Office show that retail sales fell back in February after an exceptionally strong performance in January.

The volume of sales was 1.6% lower, giving an annual increase of 6%. The volume of sales had jumped by 4.9% in January. The value of sales, which takes account of prices, fell 0.7%, giving an annual increase of 8.2%.

One of the main factors in the falls was a 2.5% drop in the volume of motor sales compared with January. Department store sales were up 6.5% in the month, however, while bar sales edged up 0.5%.