The Retail Sales monthly indices for value and volume increased by 1.8% and 0.7% respectively in February, when compared with the month previous. The largest monthly volume increases were recorded in Bars (+4.7%) and Hardware, Paints & Glass (+2.5%).
Economic forecasts for 2023 remain positive, albeit revised downwards from 2022. Personal consumption and modified domestic demand are forecasted to increase by 1.8% and 1.2% respectively, according to the Department of Finance Budget 2023 projections.
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Retail Market Snapshot Q1 2023
Karl Stewart • 01/05/2023
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