Irish retail sales fell by 3.5% in year to July 2008; Up 2.3% in month on car sales rise due to VRT tax change
Sep 12th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish retail sales (i.e. excluding price effects) volume fell by 3.5% in July 2008 compared to July 2007. There was a monthly increase of 2.3%. The monthly increase is primarily attributed to an increase in the Motor Trade Sector for July 2008. The improved Motor Trade figures in July coincided with the new VRT tax system introduced, according to the CSO.