What we learned from the latest spending figures

Underlying trend positive despite drop as sterling boosts spending power

Sterling fall lowers Irish retail prices. Pic: Pixabay

Official figures show that, despite a fall in the headline figure, a recovery in consumer spending has continued in the early part of this year.

Central Statistics Office figures show that the volume of retail sales in March fell by 0.7 per cent compared with February, giving an annual increase of 3.2 per cent.

Key points from the retail sales figures

1) As monthly sales figures can be volatile and distorted by seasonal ...