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Retail Sales Index January 2023 (Provisional) and December 2022 (Final)

Volume of Retail Sales up 0.1% in January 2023

Online ISSN: 2009-5295
CSO statistical publication, , 11am

Key Findings

  • In January 2023, the volume of Retail Sales rose by 0.1% in the month and increased by 3.0% in the year.

  • The largest monthly volume increases were recorded in Furniture & Lighting (+28.0%), Clothing, Footwear & Textiles (+26.5%), and Fuel (+3.4%).

  • The highest monthly volume decreases were in Bars (-20.4%), Department Stores (-5.0%), and Non-Specialised Stores (incl. Supermarkets) (-3.4%).

  • The largest annual volume increase was in Bars (+20.2%), however caution should be exercised with this level of growth as it is compared with a low base from the previous year. 

  • Other sectors to show large annual volume increases were Furniture & Lighting (+13.0%), Fuel (+7.7%), Clothing, Footwear & Textiles (+7.4%), and Motor Trades (+6.9%).

  • Other Retail Sales (-15.1%), Department Stores (-10.8%), and Food, Beverages & Tobacco (Specialised Stores) (-8.4%), showed the largest annual volume decreases in January 2023.

  • The volume of Retail Sales excluding Motor Trades rose by 0.1% in the month and rose by 0.3% in the year.

  • The proportion of Retail Sales transacted online (from Irish registered companies) was 5.6% in January 2023 compared with 6.3% in December 2022, 5.6% in January 2022, and 11.0% in January 2021.

Statistician's Comment

Commenting on the release, Stephanie Kelleher, Statistician in the Business Statistics Division, said: "Retail Sales rose by 0.1% in January 2023 when compared with December 2022 on a seasonally adjusted basis. On an annual basis, retail volumes were 3.0% higher than in January 2022. (See Headline Table, Table 1, and Figure 1)

Monthly Changes

In January 2023, the largest monthly volume increases were recorded in Furniture & Lighting (+28.0%), Clothing, Footwear & Textiles (+26.5%), Fuel (+3.4%), and Books, Newspapers & Stationery (+2.6%).

The highest monthly volume decreases were in Bars (-20.4%), Department Stores (-5.0%), Non-Specialised Stores (incl. Supermarkets) (-3.4%), and Pharmaceuticals, Medical & Cosmetic Articles (-2.8%). (See Table 3 and Background Notes)

Annual Changes

The largest annual volume increase was in Bars (+20.2%), however caution should be exercised with this level of growth as it is compared with a low base from the previous year. Despite this large recovery, Bar sales remained 29.9% lower than their pre-COVID-19 level in February 2020.

Other sectors to show large annual volume increases were Furniture & Lighting (+13.0%), Fuel (+7.7%), Clothing, Footwear & Textiles (+7.4%), and Motor Trades (+6.9%).

The largest annual volume decreases were recorded in Other Retail Sales (-15.1%), Department Stores (-10.8%), and Food, Beverages & Tobacco (Specialised Stores) (-8.4%). (See Tables 3 & 3a)

Value of Retail Sales

The value of Retail Sales was 0.2% lower in January 2023 than December 2022 and was 10.5% higher than a year earlier. Excluding Motor Trades, the value of Retail Sales rose by 1.1% in the month and rose by 7.6% on an annual basis. (See Tables 1 & 2)"

Editor's Note

The January (Provisional) period covers four weeks from 01/01/23 to 28/01/23 and the December (Final) period covers five weeks from 27/11/22 to 31/12/22.

Tables and Graphs

Seasonally Adjusted Retail Sales Index - All Businesses
 Base Year 2015 = 100
 Volume IndexValue Index
February 2020121.5112.3
January 2022121.6117.9
December 2022125.1130.5
January 2023125.2130.3
% change  
Monthly0.1%-0.2%
Annual3.0%10.5%
February 2020 - January 20233.1%16.0%

In January 2023, the volume of Retail Sales for all businesses rose by 0.1% in the month and rose by 3.0% in the year. Excluding Motor Trades there was a monthly volume increase of 0.1% in January 2023, while on an annual basis, retail volumes were 0.3% higher.

Figure 1: Retail Sales Index - Seasonally Adjusted Volume January 2020 - January 2023

In January 2023, the largest monthly volume increases were recorded in Furniture & Lighting (+28.0%) and Clothing, Footwear & Textiles (+26.5%). The highest monthly volume decreases were in Bars (-20.4%), Department Stores (-5.0%), and Non-Specialised Stores (incl. Supermarkets) (-3.4%).

X-axis labelMonthly percentage change
All Businesses0.1
Motor Trades-0.2
Non-Specialised Stores (incl. Supermarkets) -3.4
Department Stores -5
Food, Beverages & Tobacco0.6
Fuel3.4
Pharmaceuticals, Medical & Cosmetic Articles-2.8
Clothing, Footwear & Textiles26.5
Furniture & Lighting28
Hardware, Paints & Glass1.3
Electrical Goods1.1
Books, Newspapers & Stationery2.6
Other Retail Sales-0.3
Bars -20.4

In January 2023, the sectors with the largest annual increases in volume were Bars (+20.2%), Furniture & Lighting (+13.0%), Fuel (+7.7%), and Clothing, Footwear & Textiles (+7.4%). Large annual decreases were seen in Other Retail Sales (-15.1%), Department Stores (-10.8%), and Food, Beverages & Tobacco (Specialised Stores) (-8.4%).

 

X-axis labelAnnual percentage change
All Businesses3
Motor Trades6.9
Non-Specialised Stores (incl. Supermarkets) -1.5
Department Stores -10.8
Food, Beverages & Tobacco-8.4
Fuel7.7
Pharmaceuticals, Medical & Cosmetic Articles4.5
Clothing, Footwear & Textiles7.4
Furniture & Lighting13
Hardware, Paints & Glass1
Electrical Goods4.1
Books, Newspapers & Stationery3.9
Other Retail Sales-15.1
Bars 20.2

Compared with February 2020 (35 months earlier and pre-COVID-19), the highest increases in the volume of Retail Sales in January 2023 were seen in Clothing, Footwear & Textiles (+53.5%), Furniture & Lighting (+24.1%), Electrical Goods (+15.2%), Pharmaceuticals, Medical & Cosmetic Articles (+12.8%), and Hardware, Paints & Glass (+12.1%). The largest volume decreases during the same period occurred in Bars (-29.9%), Other Retail Sales (-11.8%), and Books, Newspapers & Stationery (-7.7%).

X-axis labelFebruary 2020 - January 2023
All Businesses3.1
Motor Trades4.7
Non-Specialised Stores (incl. Supermarkets) 4
Department Stores -5
Food, Beverages & Tobacco6.5
Fuel-1.1
Pharmaceuticals, Medical & Cosmetic Articles12.8
Clothing, Footwear & Textiles53.5
Furniture & Lighting24.1
Hardware, Paints & Glass12.1
Electrical Goods15.2
Books, Newspapers & Stationery-7.7
Other Retail Sales-11.8
Bars -29.9

The proportion of Retail Sales transacted online (from Irish registered companies) was 5.6% in January 2023, 6.3% in December 2022 compared with 5.6% in January 2022, and 11.0% in January 2021. Excluding Motor Trades, the proportion of Retail Sales transacted online in both January 2023 and December 2022 was 7.2%, compared with 7.1% in January 2022.

Figure 4: Percentage of Turnover generated by Online Sales for All Businesses and All Businesses excl. Motors, January 2020 - January 2023
1 Seasonally Adjusted Indices of Total Retail Sales for All Businesses

2 Seasonally Adjusted Indices of Total Retail Sales for All Businesses (Excluding Motor Trades)

3 Seasonally Adjusted Value and Volume Indices of Retail Sales for 13 Retail Businesses - Provisional Results January 2023

3a Percentage changes for Retail Sales for 13 Retail Businesses, February 2020 (pre-COVID-19) - January 2023

4 Seasonally Adjusted Value and Volume Indices of Retail Sales for 13 Retail Businesses - Final Results December 2022

5 Seasonally Adjusted Value and Volume Indices of Retail Sales for 13 Retail Businesses - 3 Monthly Provisional Estimates

6 Percentage of Turnover generated by Online Sales for Total Retail Sales

7 Percentage of Turnover generated by Online Sales for 13 Retail Businesses - Provisional Results January 2023