RTTNews - Friday, the Central Statistical Office said Ireland's retail sales volume declined 1.2% month-on-month in May, according to its preliminary estimates. The latest report revealed a 1.7% increase for April, downwardly revised from the 2.3% growth estimated initially.

Year-on-year, retail sales volume plunged 15.4% in May, slightly better than the 18% slump recorded for April, upwardly revised from the initial estimate of 17% decline.

Excluding motor trade, retail sales volume declined 1.3% from April and 9.2% from the year-ago period.

The retail sales value dropped 1.4% month-on-month in May after rising 1.5% in April. Compared to the same month last year, retail sales value dropped 19.4% in May after falling 21.4% in the previous month.

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