Retail Ireland Monitor
Recent data point to a steady start to the year, with January figures showing the monthly volume of core retail sales (excluding motor trades and bars) up 0.4%, representing annual growth of 2.1%. Overall activity, however, remains relatively subdued compared with historic norms. Consumer sentiment edged up slightly in February, though confidence is still cautious, and emerging geopolitical events are clouding the horizon, with the potential to put upward pressure on energy costs and weigh on household finances.
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