The amount Irish consumers spend on everyday grocery items – including food, drinks and toiletries – increased year-on-year for the fifth consecutive quarter in June, according to Nielsen retail performance data.
Between April and June the volume of fast-moving consumer goods purchased here rose 1.3% year-on-year, while the average prices paid for these goods also rose 1.3%.
Grocery retailers in Ireland saw a 2.6% rise in takings at the till, the fourth highest figure since Nielsen started measuring this nearly eight years ago.
The Irish market had the fifth highest figures among the 21 European countries measured, considerably outperforming Europe as a whole, which recorded a 0.8% rise for the period.
However, the UK saw a 1.6% decline in consumer grocery spend during the second quarter – the worst performance in nearly two years.
Managing Director for Nielsen Ireland Matt Clark said growth here “is being driven by positive consumer confidence which is good news for retailers in the Republic, who are witnessing some of the best growth numbers in Europe today".
Across the 21 European countries measured, Turkey had the highest growth in takings at the tills (+8.9%), while Greece had the biggest decline (-7.2%).
Of the big five western European markets, Spain (+2.1%) had the highest growth.