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For more information on this release:
E-mail: sts_rap@cso.ie Stephanie Kelleher (+353) 21 453 5123 Alan Finlay (+353) 21 453 5211 Lillian Tobin (+353) 21 453 5585
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5295
CSO statistical release, , 11am

Retail Sales Index

May 2016 (Provisional) April 2016 (Final)

Seasonally Adjusted Retail Sales Index-All Businesses
 (Base Year 2005 = 100)
     Volume IndexValue Index
May 2015105.294.9
April 2016113.099.3
May 2016113.799.9
Monthly % change0.70.6
Annual % change8.15.3

Retail Sales Volume increased by 0.7% in May 2016

Retail Sales Index-Seasonally Adjusted Volume
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The  volume of retail sales (i.e. excluding price effects) increased by 0.7% in May 2016 when compared with April 2016 and there was an increase of 8.1% in the annual figure. (See Table 1). If Motor Trades are excluded, there was an increase of 1.2% in the volume of retail sales in May 2016 when compared with April 2016 and there was an increase of 6.5% in the annual figure. (See Table 2).

The sectors with the largest month on month volume increases were Hardware, Paints & Glass (+14.3%), Books, Newspapers and Stationery (+10.1%) and Clothing, Footwear & Textiles (+9.7%). The sectors with the largest monthly decreases were Electrical Goods (-1.9%), Motor Trades (-1.6%) and Food Beverages & Tobacco (-1.2%). (See Table 3).

There was an increase of 0.6% in the value of retail sales in May 2016 when compared with April 2016 and there was an annual increase of 5.3% when compared with May 2015. If Motor Trades are excluded, there was an increase of 1.5% in the value of retail sales and an annual increase of 3.9%.

 

notepa
Business SectorsAnnualMonthly
All Businesses8.10.7
All Businesses excl. Motor Trades6.51.2
All Businesses excl. Motor Trades & Bars6.61.3
Motors & Fuel14.1-0.2
All Businesses excl. Motor Trades, Fuel & Bars6.71.1
Food Businesses40.1
Non-Food (excl. Motor trades, Fuel & Bars)9.41.8
Household Equipment111.7
Books, Newspapers Stationery & Other Goods8.91.1
Table 1 Seasonally Adjusted Indices of Total Retail Sales 1
        Base Year: 2005=100
   Total Retail Sales for all Businesses Combined
Period  Value of Sales Volume of Sales
          
    % change on previous period   % change on previous period 
    Annual % change  Annual % change
   Index Index
          
2012Year 87.9-0.7-0.7 92.1-1.1-1.1
2013Year 87.7-0.2-0.2 92.70.70.7
2014Year 91.34.14.1 98.66.46.4
2015Year 95.84.94.9 106.78.28.2
          
          
20142nd quarter 90.00.23.8 96.1-0.15.7
 3rd quarter 92.52.74.6 100.24.36.8
 4th quarter 92.70.23.1 101.31.15.8
          
20151st quarter 94.62.15.3 104.73.38.8
 2nd quarter 94.5-0.15.0 103.8-0.88.0
 3rd quarter 97.53.15.4 109.35.39.0
 4th quarter 96.7-0.84.4 108.9-0.37.5
          
20161st quarter 100.64.16.4 113.54.28.4
          
          
2014December 93.51.63.6 102.82.46.6
          
2015February 93.4-0.34.9 103.40.48.8
 March 96.43.26.5 106.93.310.1
 April 96.80.58.4 107.30.412.1
 May 94.9-2.15.2 105.2-2.08.4
 June 92.4-2.62.1 99.8-5.14.4
 July 99.67.86.8 111.711.810.2
 August 96.6-3.05.0 108.2-3.18.7
 September 96.4-0.24.6 108.20.08.3
 October 95.6-0.83.7 107.4-0.77.0
 November 97.41.85.8 109.92.39.5
 December 97.0-0.43.7 109.3-0.56.3
          
2016January 102.25.39.2 114.34.510.8
 February 101.3-0.98.5 114.60.310.8
 March 98.8-2.42.5 111.9-2.34.7
 April 99.30.52.6 113.00.95.2
 May2 99.90.65.3 113.70.78.1
          
1Based on Seasonal Patterns up to May 2016    
2Provisional value and volume of sales indices based on early returns from sample retailers
Table 2 Seasonally Adjusted Indices of Total Retail Sales (Excluding Motor Trades)1
        Base Year: 2005=100
   Total Retail Sales for all Businesses Combined (Excl Motor Trades)
Period  Value of Sales Volume of Sales
          
    % change on previous period   % change on previous period 
    Annual % change  Annual % change
   Index Index
          
2012Year 96.40.40.4 100.1-0.2-0.2
2013Year 96.3-0.1-0.1 100.90.80.8
2014Year 97.81.61.6 104.63.73.7
2015Year 100.42.72.7 111.06.16.1
          
          
20142nd quarter 97.30.32.5 103.51.14.4
 3rd quarter 97.2-0.11.2 104.00.53.2
 4th quarter 98.00.81.6 106.12.04.4
          
20151st quarter 98.10.11.1 107.51.35.0
 2nd quarter 100.32.33.1 110.02.46.3
 3rd quarter 100.40.13.3 111.31.27.0
 4th quarter 101.10.73.2 112.91.46.4
          
20161st quarter 102.21.04.1 114.31.36.4
          
          
2014December 98.51.31.7 107.52.34.7
          
2015January 97.8-0.80.6 107.0-0.44.6
 February 97.90.10.8 107.30.34.9
 March 98.60.81.9 107.90.65.4
 April 101.42.94.2 111.43.27.9
 May 100.0-1.43.4 109.4-1.86.4
 June 99.7-0.22.0 109.40.04.9
 July 100.50.83.1 110.61.16.5
 August 100.60.13.1 111.40.76.9
 September 100.2-0.43.6 111.80.47.6
 October 100.0-0.22.0 111.2-0.65.4
 November 102.12.15.0 114.32.98.9
 December 101.2-0.92.7 113.1-1.15.2
          
2016January 102.21.04.6 114.00.86.5
 February 102.30.14.5 114.50.56.7
 March 102.0-0.33.5 114.5-0.16.0
 April 102.40.30.9 115.10.53.3
 May2 103.91.53.9 116.51.26.5
          
1Based on Seasonal Patterns up to May 2016
2Provisional value and volume of sales indices based on early returns from sample retailers
Table 3 Seasonally Adjusted1 Value and Volume Indices of Retail Sales for 13 Retail Businesses
 (Preliminary Estimates)  Base Year: 2005=100
 May 2016
Retail Business - NACE REV 2Value of Sales Volume of Sales
        
  Monthly % changeAnnual % change  Monthly % changeAnnual % change
 Index Index
        
 Motor Trades2 89.90.414.4 103.0-1.615.7
        
 Non-Specialised Stores 129.5-0.42.9 130.20.13.9
 (excluding Department Stores)        
        
 Department Stores 92.2-0.15.1 132.42.16.4
        
 Food, Beverages & Tobacco84.90.74.0 83.2-1.24.8
        
 Fuel100.34.5-3.8 84.96.36.6
        
 Pharmaceuticals, Medical & Cosmetic Articles100.70.25.1 114.3-0.65.8
        
 Clothing, Footwear & Textiles97.68.810.5 151.09.712.5
        
 Furniture & Lighting71.71.18.7 121.71.714.4
        
 Hardware, Paints & Glass88.512.217.6 99.514.319.6
        
 Electrical Goods83.3-2.40.8 186.9-1.95.6
        
 Books, Newspapers & Stationery69.810.06.4 59.610.14.9
        
 Other Retail Sales81.8-0.10.8 121.80.79.2
        
 Bars 82.21.75.1 70.21.34.0
        
 All Businesses excl. Motor Trades103.91.53.9 116.51.26.5
        
 All Businesses 99.90.65.3 113.70.78.1
        
Of which:-       
    Combined Groups       
        
 All Businesses excl. Motor Trades & Bars106.61.33.7 122.61.36.6
        
 Motors & Fuel91.6-0.58.9 99.0-0.214.1
        
 All Businesses excl. Motor Trades, Fuel & Bars107.21.04.5 126.51.16.7
        
 Food Businesses126.1-0.03.2 126.20.14.0
        
 Non-Food (excl. Motor Trades, Fuel & Bars)89.02.66.7 126.71.89.4
        
 Household Equipment83.13.69.1 139.51.711.0
        
 Books, Newspapers, Stationery & Other Goods79.51.81.6 110.91.18.9
        
1Based on Seasonal Patterns up to May 2016, individual series are independently adjusted
2See Seasonal Adjustment in Background Notes
Table 4 Seasonally Adjusted1 Value and Volume Indices of Retail Sales for 13 Retail Businesses
   Base Year: 2005=100
 April 2016
Retail Business - NACE REV 2Value of Sales Volume of Sales
        
  Monthly % changeAnnual % change  Monthly % changeAnnual % change
 Index Index
        
 Motor Trades2 89.50.510.1 104.70.412.2
        
 Non-Specialised Stores 130.00.41.6 130.10.32.1
 (excluding Department Stores)        
        
 Department Stores 92.33.90.1 129.62.01.9
        
 Food, Beverages & Tobacco84.2-0.7-2.3 84.2-0.9-1.3
        
 Fuel96.00.7-8.9 79.8-0.4-0.8
        
 Pharmaceuticals, Medical & Cosmetic Articles100.60.72.5 115.00.84.4
        
 Clothing, Footwear & Textiles89.7-2.2-0.1 137.7-1.31.3
        
 Furniture & Lighting70.92.211.8 119.71.916.6
        
 Hardware, Paints & Glass78.9-4.5-0.1 87.0-3.11.3
        
 Electrical Goods85.38.08.5 190.68.613.2
        
 Books, Newspapers & Stationery63.5-5.8-0.5 54.1-7.1-2.4
        
 Other Retail Sales81.9-0.7-2.7 120.9-1.05.1
        
 Bars 80.80.54.9 69.30.24.1
        
 All Businesses excl. Motor Trades102.40.30.9 115.10.53.3
        
 All Businesses 99.30.52.6 113.00.95.2
        
Of which:-       
    Combined Groups       
        
 All Businesses excl. Motor Trades & Bars105.20.40.3 121.00.63.1
        
 Motors & Fuel92.01.15.6 99.22.410.1
        
 All Businesses excl. Motor Trades, Fuel & Bars106.10.41.4 125.10.73.4
        
 Food Businesses126.10.11.5 126.00.12.0
        
 Non-Food (excl. Motor Trades, Fuel & Bars)86.70.20.8 124.40.84.8
        
 Household Equipment80.20.84.2 137.12.89.7
        
 Books, Newspapers, Stationery & Other Goods78.1-0.9-1.1 109.7-1.44.7
        
1Based on Seasonal Patterns up to May 2016, individual series are independently adjusted
2See Seasonal Adjustment in Background Notes  
Table 5 Seasonally Adjusted1 Value and Volume Indices of Retail Sales for 13 Retail Businesses
 (Preliminary Estimates)  Base Year: 2005=100
 March 2016 - May2016
Retail Business - NACE REV 2Value of Sales Volume of Sales
        
  % change on previous periodAnnual % change  % change on previous periodAnnual % change
 Index Index
        
 Motor Trades2 89.51.78.0 104.11.89.8
        
 Non-Specialised Stores 129.7-0.23.3 130.00.34.0
 (excluding Department Stores)        
        
 Department Stores 90.9-1.24.3 129.5-0.65.9
        
 Food, Beverages & Tobacco84.70.81.9 84.21.02.8
        
 Fuel97.0-0.4-7.3 81.52.21.9
        
 Pharmaceuticals, Medical & Cosmetic Articles100.4-0.33.6 114.5-0.54.9
        
 Clothing, Footwear & Textiles92.93.35.7 142.54.07.6
        
 Furniture & Lighting70.62.69.2 119.53.014.2
        
 Hardware, Paints & Glass83.32.77.9 92.03.89.7
        
 Electrical Goods82.32.81.0 183.64.35.5
        
 Books, Newspapers & Stationery67.02.75.0 57.31.93.6
        
 Other Retail Sales82.13.60.2 121.64.38.4
        
 Bars 81.01.15.4 69.50.94.7
        
 All Businesses excl. Motor Trades102.70.82.8 115.31.35.3
        
 All Businesses 99.3-0.63.4 112.80.35.9
        
Of which:-       
    Combined Groups       
        
 All Businesses excl. Motor Trades & Bars105.50.62.5 121.21.35.3
        
 Motors & Fuel91.50.74.2 98.31.18.5
        
 All Businesses excl. Motor Trades, Fuel & Bars106.30.93.5 125.21.45.6
        
 Food Businesses126.10.13.2 126.00.43.9
        
 Non-Food (excl. Motor Trades, Fuel & Bars)87.42.23.9 124.72.87.2
        
 Household Equipment80.94.15.1 136.44.68.1
        
 Books, Newspapers, Stationery & Other Goods78.82.30.9 110.74.88.3
        
1Based on Seasonal Patterns up to May 2016, individual series are independently adjusted
2See Seasonal Adjustment in Background Notes  

Background Notes

Retail Sales Index

An updated Retail Sales Index (RSI) was introduced in the February 2009 release. The underlying methodology remains unchanged. The index is primarily intended to measure short-term trends.  For long term analysis allowance must be made for the fact that the series does not reflect changes in retail structures between updates.

Reference Period

The April 2016 period covers the 4 weeks from 03/04/16 to 30/04/16 and the May 2016 period covers the 4 weeks from 01/05/16 to 28/05/16.

Base Year

This set of monthly retail sales indices has been compiled with reference to base year 2005=100. The underlying structural weighting system is mainly based on the 2005 Annual Services Inquiry. Weights are updated from year to year using ratios of average weekly turnover by size class within business type.

Scope and Coverage

The Retail Sales Index covers, on a sample basis, the retail sales of retail businesses, wholesale businesses with sizeable retailing activity and the separate sales establishments of non-distribution enterprises. Excluded from the index coverage are the direct retail sales from non-distribution establishments together with the incidental retail sales of wholesale businesses. Also excluded are sales by hawkers, street stalls and other retailing activities not conducted from permanent business premises. The statistical unit used for reporting sales figures in this inquiry is the enterprise (i.e. complete business covering all branches).

Methodology

The business categories are based mainly on the Statistical Classification of Economic Activities in the European Community (NACE Rev. 2). The index system is structured on the retailing enterprises covered in the 2005 Annual Services Inquiry classified by 13 retail business categories and four turnover (excluding VAT) ranges.

The value indices are calculated by updating the aggregate 2005 retail turnover (including VAT) of these enterprises in these cells using the monthly retail sales data provided by the enterprise respondent panel from 2005 onwards.

The compilation of the index for a current month is based on the percentage change in average weekly sales in these cells over the corresponding monthly period of the previous year. The monthly volume indices are calculated by deflating the seasonally unadjusted value indices by specially constructed retail price indices derived from the Consumer Price Index (CPI). A copy of the Retail Sales Index methodology is available on our website (www.cso.ie).

Seasonal Adjustment

All Retail Sales “unadjusted” series are trading day adjusted as they are based on either a standardised four or five week reporting period (see reference period note above). Seasonal adjustment is conducted using the direct seasonal adjustment approach.  Under this approach each individual series is independently adjusted, e.g. aggregate series are adjusted without reference to the component series. Each individual seasonally adjusted series is calculated based on unadjusted data spanning from January 2000 to the current period.

The adjustments are completed by applying the X-12-ARIMA model, developed by the U.S. Census Bureau to the unadjusted data. This methodology estimates seasonal factors while also taking into consideration factors that impact on the quality of the seasonal adjustment such as:

  • Calendar effects, e.g. the timing of Easter,
  • The phase shift effect, i.e. the fact the reporting period of the RSI does not coincide with the calendar month and
  • Outliers, temporary changes and level shifts in the series.
     
    Note: Athough each series is independently adjusted, no changes were made to the Motor Trade series Seasonal Adjustment model to take account of the introduction of the new car registration system in Ireland in 2013.  This is due to a lack of historical data or comparable models that would be required to inform the Seasonal Adjustment model. Once a seasonal pattern has been established we will be in a position to review the Motor Trade Seasonal Ajustment model.
     
    Also to note, the Motor Trade group comprises all retail motor trade activities, of which new car sales accounts for approximately 45% of turnover.

For additional information on the use of X-12-ARIMA see (Findley, D.F., B.C. Monsell, W.R. Bell, M.C. Otto, and B. Chen (1998), “New Capabilities and Methods of the X-12-Arima Seasonal Adjustment Program”, Journal of Business & Economic Statistics, 16, pp. 127-177.) and  www.census.gov/srd/www/x12a/

Reference

A detailed description of the Retail Sales Index is available on the CSO website  http://www.cso.ie/en/surveysandmethodology/services/retailsalesindexsurveys/retailsalesindex/ Retrospective details for the current and previous series are also available on the CSO website.

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