New jobs and bet­ter wages help re­tail

The Kerryman (South Kerry Edition) - - NEWS -

RE­TAIL sales posted an­other strong month in Septem­ber thanks to rising job num­bers and ac­cel­er­at­ing wage growth, with the head­line number up 1.5 per cent from Au­gust and 6.1 per cent from a year ago in vol­ume terms ac­cord­ing to the CSO.

Ex­clud­ing the volatile car sec­tor, so­called core re­tail sales posted a 2.8 per cent gain on the month and 6.3 per cent on the year the Cen­tral Sta­tis­tics Of­fice re­ported.

“As re­gards 2018, we think per­sonal spend­ing will post an­other pos­i­tive in- crease as the un­em­ploy­ment rate con­tin­ues to drop and dis­pos­able in­comes rise,” said Mer­rion Cap­i­tal Econ­o­mist Alan McQuaid.

Mr McQuaid is fore­cast­ing that head­line sales will rise by up to four per cent for the full year.

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