In June 2023, the volume of Retail Sales increased by 0.4% in the month and by 7.6% in the 12 months from June 2022.
When Motor Trades are excluded, the volume of Retail Sales rose by 0.5% in the month and by 3.7% in the year when compared with June 2022.
The largest monthly volume increases were recorded in Books, Newspapers & Stationery (+12.1%), Furniture & Lighting (+4.7%), Other Retail Sales (+4.3%), and Motor Trades (+2.6%).
The highest monthly volume decreases were in Fuel (-3.4%), Clothing, Footwear & Textiles (-2.8%), and Electrical Goods (-2.8%).
The largest annual volume growth was in Other Retail Sales (+22.6%), Motor Trades (+18.8%), Books, Newspapers & Stationery (+6.6%), and Non-Specialised Stores (incl. Supermarkets) (+5.3%).
Four sectors showed annual volume declines in June 2023, Department Stores (-7.7%), Food, Beverages & Tobacco (Specialised Stores) (-2.5%), Electrical Goods (-2.4%), and Clothing, Footwear & Textiles (-0.6%).
The value of Retail Sales rose by 0.5% in the month and by 11.0% in the 12 months from June 2022.
The proportion of Retail Sales transacted online (from Irish registered companies) was 5.8% in June 2023 compared with 5.2% in May 2023, 5.0% in June 2022, and 4.9% in June 2021.
The headline table shows the seasonally adjusted value and volume indices for the Retail Sales Index. It also highlights the monthly and annual percentage changes in both value and volume. Value represents turnover or total expenditure whereas volume strips out the impact of price changes to reflect quantity sold.
| Seasonally Adjusted Retail Sales Index - All Businesses | ||
| Base Year 2015 = 100 | ||
| Volume Index | Value Index | |
| June 2022 | 124.6 | 124.8 |
| May 2023 | 133.5 | 137.8 |
| June 2023 | 134.1 | 138.5 |
| % change | ||
| Monthly | 0.4% | 0.5% |
| Annual | 7.6% | 11.0% |
In June 2023, the volume of Retail Sales for all businesses rose by 0.4% in the month and by 7.6% in the year since June 2022. Excluding Motor Trades there was a monthly volume increase of 0.5% in June 2023, while on an annual basis, retail volumes were 3.7% higher.
In June 2023, the largest monthly volume increases were recorded in Books, Newspapers & Stationery (+12.1%), Furniture & Lighting (+4.7%), and Other Retail Sales (+4.3%). The highest monthly volume decreases were in Fuel (-3.4%), Clothing, Footwear & Textiles (-2.8%), and Electrical Goods (-2.8%).
| X-axis label | Monthly percentage change |
|---|---|
| All Businesses | 0.4 |
| Motor Trades | 2.6 |
| Non-Specialised Stores (incl. Supermarkets) | 1.6 |
| Department Stores | 0.4 |
| Food, Beverages & Tobacco | -1.6 |
| Fuel | -3.4 |
| Pharmaceuticals, Medical & Cosmetic Articles | 1.4 |
| Clothing, Footwear & Textiles | -2.8 |
| Furniture & Lighting | 4.7 |
| Hardware, Paints & Glass | -0.1 |
| Electrical Goods | -2.8 |
| Books, Newspapers & Stationery | 12.1 |
| Other Retail Sales | 4.3 |
| Bars | 1.4 |
The largest annual volume growth was in Other Retail Sales (+22.6%), Motor Trades (+18.8%), and Books, Newspapers & Stationery (+6.6%). Annual volume declines were recorded in Department Stores (-7.7%), Food, Beverages & Tobacco (Specialised Stores) (-2.5%), Electrical Goods (-2.4%), and Clothing, Footwear & Textiles (-0.6%).
| X-axis label | Annual percentage change |
|---|---|
| All Businesses | 7.6 |
| Motor Trades | 18.8 |
| Non-Specialised Stores (incl. Supermarkets) | 5.3 |
| Department Stores | -7.7 |
| Food, Beverages & Tobacco | -2.5 |
| Fuel | 3.6 |
| Pharmaceuticals, Medical & Cosmetic Articles | 0.3 |
| Clothing, Footwear & Textiles | -0.6 |
| Furniture & Lighting | 3.8 |
| Hardware, Paints & Glass | 0.6 |
| Electrical Goods | -2.4 |
| Books, Newspapers & Stationery | 6.6 |
| Other Retail Sales | 22.6 |
| Bars | 0.2 |
Table 4 relates to final results for May 2023, while Table 5 relates to 3 monthly provisional estimates.
The proportion of Retail Sales transacted online (from Irish registered companies) was 5.8% in June 2023 and 5.2% in May 2023 compared with 5.0% in June 2022 and 4.9% in June 2021. Excluding Motor Trades, the proportion of Retail Sales transacted online in June 2023 was 7.7% compared with 6.7% in May 2023 and 6.0% in June 2022.
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Statistician's Comment
The Central Statistics Office (CSO) has today (28 July 2023) released - Retail Sales Index June 2023 (Provisional) and May 2023 (Final).
Commenting on the release, Tommy Allen, Statistician in the Business Statistics Division, said: "Retail Sales rose by 0.4% in June 2023 when compared with May 2023 on a seasonally adjusted basis. On an annual basis, retail volumes were 7.6% higher than in June 2022. When Motor Trades are excluded the volume of Retail Sales increased by 0.5% in the month and by 3.7% in the year when compared with June 2022 (See Headline Table, Tables 1 & 2, and Figure 1).
Monthly Changes
In June 2023, the largest monthly volume increases were recorded in Books, Newspapers & Stationery (+12.1%), Furniture & Lighting (+4.7%), Other Retail Sales (+4.3%), and Motor Trades (+2.6%).
The highest monthly volume decreases were in Fuel (-3.4%), Clothing, Footwear & Textiles (-2.8%), and Electrical Goods (-2.8%) (See Table 3 and Background Notes).
Annual Changes
The largest annual volume growth was in Other Retail Sales (+22.6%), Motor Trades (+18.8%), Books, Newspapers & Stationery (+6.6%), and Non-Specialised Stores (incl. Supermarkets) (+5.3%).
Four sectors showed annual volume declines in June 2023, these were Department Stores (-7.7%), Food, Beverages & Tobacco (Specialised Stores) (-2.5%), Electrical Goods (-2.4%), and Clothing, Footwear & Textiles (-0.6%) (See Table 3).
Value of Retail Sales
The value of Retail Sales was 0.5% higher in June 2023 than May 2023 and was up 11.0% when compared with a year earlier. Excluding Motor Trades, the value of Retail Sales rose by 0.4% in the month and by 5.1% on an annual basis (See Tables 1 & 2)."
Editor's Note
The June (Provisional) period covers the five weeks from 28/05/23 to 01/07/23, while the May (Final) period covers the four weeks from 30/04/23 to 27/05/23.