Ireland's retail trade declined 3.3 percent from a month earlier in November 2019, after a revised 0.4 percent rise in the prior month. It was the first decrease in retail activity since July, mainly due to lower sales of pharmaceuticals, medical & cosmetic articles (-9 percent) and food, beverages & tobacco (-6.5 percent). Year-on-year, retail sales advanced 1.4 percent, following an upwardly revised 3.9 percent gain in October. Retail Sales MoM in Ireland averaged 0.20 percent from 2000 until 2019, reaching an all time high of 9.10 percent in March of 2015 and a record low of -14.40 percent in January of 2009. source: Central Statistics Office Ireland
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 0.50 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.