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Car sales push Irish retail sales sharply higher again

Published by Uma Rajagopal

Posted on May 29, 2023

1 min read

· Last updated: February 1, 2026

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Woman walking past Central Bank of Ireland, highlighting retail sales growth - Global Banking & Finance Review
A woman walks past the Central Bank of Ireland in Dublin, symbolizing the recent surge in Irish retail sales, primarily fueled by a 23.5% increase in motor trades. This reflects the economic growth in Ireland reported by the Central Statistics Office.
retail trade GDP consumer perception Automotive industry financial management
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Car sales push Irish retail sales sharply higher again DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday. When a 23.5% year-on-year increase in motor trades was excluded, retail sales rose by 0.5% month-on-month […]

Car sales push Irish retail sales sharply higher again

DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday.

When a 23.5% year-on-year increase in motor trades was excluded, retail sales rose by 0.5% month-on-month compared with a headline monthly increase of 2.8% and were 0.4% lower than April 2022.

(Reporting by Padraic Halpin; Editing by Alison Williams)

Frequently Asked Questions

What is GDP?
Gross Domestic Product (GDP) is the total value of all goods and services produced in a country over a specific time period. It is a key indicator of a country's economic performance.
What are motor trades?
Motor trades involve the buying and selling of vehicles and related services. This sector includes car dealerships, repair shops, and parts suppliers, contributing significantly to retail sales.
What is consumer perception?
Consumer perception refers to how consumers view a brand or product based on their experiences, beliefs, and feelings. It can significantly influence purchasing decisions and market trends.

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