The March Retail Sales Index has been released by the CSO. Core retail sales are showing a slight improvement on the February levels. Nothing huge, but both the value and volume series edged upwards.
As expected the annual changes remain negative as the first quarter 2011 figures are being compared against the short-lived “turning the corner” momentum of early 2010.
The volatility in the monthly changes continues. The severe weather in December is a major factor in this but we can expect to be able to read more from these over the coming months.
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