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Retail sales weaken in October - CSO

Retail sales slow down by 0.5% in October, new CSO figures show
Retail sales slow down by 0.5% in October, new CSO figures show

The volume of retail sales fell by 0.5% in October, the weakest performance in three months, data from the Central Statistics Office showed today. 

When volatile car sales are excluded, retail sales volumes were down 2.1% compared to the previous month, their sharpest decline of the year, the CSO added. 

Today's figures show a 9.3% fall in "Other Retail Sales" - which includes carpets, music recordings, games and toys, flowers, pet food and jewellery - while fuel sales slowed by 5.2%. 

The sectors with the largest monthly volume increases included pharmaceuticals, medical and cosmetic articles - up 8.1% - while clothing, footwear and textiles sales grew by 3%.

The CSO also said there was a decrease of 1% in the value of retail sales in October compared to September, while there was an annual increase of 1.4% when compared with October 2018. 

If car sales are excluded, there was a decrease of 2.4% in the value of retail sales in the month and an increase of 0.5% in the annual figure.