Retailers encouraged by strong sales start to 2017

CSO figures and VAT returns have helped ease fears of consumer slowdown

3rd March, 2017
Retail sales trend positive, says economist. Pic: RollingNews.ie

Official figures indicate that there was solid growth in consumer spending at the start of this year.

The Central Statistics Office said the volume of retail sales in January rose by 2.2 per cent from December. This gave an annual growth rate of 4.9 per cent.

As the overall figure can be distorted by volatile car sales, many economists prefer to focus on the retail sales figure excluding the motor sector.

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