The Republic’s retail sales grew 1.4% YoY in May, on the back of higher motor vehicle sales, data from the Department of Statistics showed on Friday (Jul 4).
This was below the median estimate of 1.8% growth from private-sector economists polled by Bloomberg.
Excluding motor vehicles, retail sales were flat YoY in May, lower than the 0.8% growth recorded in April.
On a seasonally adjusted monthly basis, retail sales rose 1% in May. Excluding motor vehicles, retail sales fell 0.6%.
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