Retail Sales Index (RSI) - Central Statistical Office (2024)
The Index of Retail Sales is a quarterly measure of the value of goods sold by retailers based on a sampling of retail stores of different types and sizes. It is an important indicator of movements in retail trade and is computed using the total receipts of a sample of retail establishments. It is therefore, essentially a value index. The series may be used, within limitations, to estimate the quarterly consumer expenditure and, when deflated by the Retail Price Index, can be a useful tool to monitor the volume of retail sales.
The All Sections Index of Retail Sales increased by 6.1% from 309.6 in the 2nd quarter 2023 to 328.5 in the 3rd quarter 2023. This increase was largely attributable to increases observed in Other Industry of 52.9% which was due to a 228.6% increase in Books and Stationery; andTextiles and Wearing Apparel 47.6%. When a year on year analysis is undertaken, the All Sections Index in the 3rd Quarter 2023 increased by 6.8% from 307.6 in 3rd quarter 2022. Owing mainly to increases in Motor Vehicles and Parts 21.0%; andPetrol Filling Stations 43.3% The volume of retail sales in the 3rd Quarter 2023 also increased by 5.4%. (January 26, 2024)
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