Per CSO: “The volume of retail sales (i.e. excluding price effects) decreased by 3.1% in December 2010 when compared with December 2009 and there was a monthly decrease of 1.1%.” Worse than that: ex-Motor Trades, the volume of retail sales fell by 3.6% yoy in December 2010, and 2.5%mom.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiU86flOZQaTT5BzbnjXHzuWGdNQNhH7d5xMBNyPy_oOfdcpQWbWfbv7RavNd7er_mWROpKQruAbmC6mh887JVM6D4G06BeR3-NXjRSMQyFFi-rrIoaBv6M_t6btr_HE9vVa8BttJv_t4QJ/s280/Screen+shot+2011-01-27+at+19.19.57.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5ll94iBE8teQdrB85Yma45j87jtxOHbPRhd27leFVqR8PCtyay5HK53LpS4nbjeyjFb42e90r7gkX1OCJiW4UinrrcFl6-cyRHLCuDbHU_v0i83JD2Hu1I1wsPLb3S-8PfRrwXrTdZXt7/s280/Screen+shot+2011-01-27+at+19.20.43.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbSh7eXfx_WztRcHr4iMDG7CIoRNoRF1UBGm-8NYXYNzkGVY25g1OIsPrjGZHnBLXu8vQaXJj2-kEB1LQiRp3lrkdsk7_ICDnXT3MEzRDPBJT2NlQ3ioX_yK8pd9HZHiNpF6KubH1bk09s/s280/Screen+shot+2011-01-27+at+19.20.04.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYz7vP8oYpf_qRhtxgG2qDvEso_QSkrsfkFGpJybuOzUu3k_Tu_KOHirnPTq9XRsXp2GYCe8sn_2a9tkRciXDf6p-mDryRIGpIO7nDnpc-nqVXN2sIAXCynXCEK7amPomJT_U_ViiZGNh7/s280/Screen+shot+2011-01-27+at+19.20.52.png)
- Motor Trades (-8.0%)
- Fuel (-21.7%)
- Furniture and Lighting (-21.5)
- Bars (-9.9%)
The value of retail sales has suffered even more than the volumes (and remember – it’s the value, not the volume that supports jobs in the sector) contracting by 4.1% yoy in December 2010 and falling 0.9% mom. Ex-Motor Trades annual decrease was 3.3% in the value and a monthly decrease of 1.3%.
Further per CSO: "Provisional estimates are now available for the final quarter of 2010… the volume of retail sales decreased by 0.6% year on year in Q4, with the value decreasing by 2.1%. If Motor Trades are excluded the volume of retail sales decreased by 1.8% year on year in the final quarter of 2010 and the value of retail sales decreased by 2.4%."
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXZPRulxNlO-W29wxtpXBPvzR_dxGoECR6lrmpiakAZPd8aJFiSN5YSw8WyTHIjKUvlJg34IKu9cQHNibesglDkKIku6IYOXDhjmEeWrl5rMhagXzxDxaFun0CuCfWAXD34p6-1si5RcYx/s280/Screen+shot+2011-01-27+at+19.20.26.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigrhpHg-veapvsvMS6owe6hYWWMVjaOgChK2SrO2rQ5ebLGwYMC1GICo4r8TRWgKk-pySdKch69PePp8wBLgTTf9v7pOgay3GOaFOGmostmvoVNiAKbIP9uHAJZoqaPWix0YEUF9KVw2fs/s280/Screen+shot+2011-01-27+at+19.20.35.png)
Let’s add to that the following observation: since 2007 through the end of 2010 Irish retail sales fell 23.3% in value and 18.6% in volume.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqyp3_viH6jS7RMYUK4y6WKk9clf-zpM6JqfOtmsL18jwzUilgvytp5VTWRjKFOi9dXZiEvLM9bV2NatHLRce8SgBt9wlZ6sH3y_M9atf6-wlXFjweY58Ku1z-VhJxRJrU85ICU-NtdAgG/s280/Screen+shot+2011-01-27+at+19.20.16.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVwNq8MMTpeqj9I6DQ_nrNs9VdS25zC2yv5Xk-p5iBn62rbA3DFRn05gsINYA4ecaKj-r-CvNHOCvCEHmhHqLsm7JMfgHOGJMJ-Umn_cQnZEPuq2PYUCgiYJuxNVlgyJaifDv2pYfEDmLz/s280/Screen+shot+2011-01-27+at+19.21.04.png)
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