Friday, Ireland's Central Statistical Office announced that the volume of retail sales rose 5.7% month-on-month in February, compared with a 20.5% drop in the previous month.

Year-on-year, retail sales dropped 20.9% in February, after falling 26.6% in January. A year ago, retail sales were down 1%. This was mainly due to large decrease in the motor trades sector. The motor trade dropped 53.2% in February.

The value of retail sales declined 23.4% annually in February, compared with 27.7% fall in the previous month.

On a monthly basis, retail sales value rose 5% in February, after falling 20.5% in January.

Meanwhile, retail sales volume excluded motor trade decreased 6.9% year-on-year in February, and it was up 1.3% compared to the previous month.

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