According to the most recent data released on 28 March 2024, Irish retail sales experienced a 4.2% decrease year-over-year in February 2024. The previous indicator stood at 5.3% in January 2024 but saw a significant drop to 1.1% in February 2024. This decline in retail sales indicates a slowdown in consumer spending within the Irish economy.
The year-over-year comparison shows a notable decrease in retail sales performance, highlighting potential challenges within the Irish retail sector. As consumer behaviors continue to evolve and economic conditions fluctuate, it will be crucial for retailers to adapt their strategies to navigate these changing dynamics and drive growth in the market.
