IBEC: Weak retail sales reflect deteriorating labour market

Employer's group IBEC today said that rising unemployment and deteriorating consumer confidence are causing the continued fall in retail sales.

IBEC: Weak retail sales reflect deteriorating labour market
Fri, 22 Aug, 2008 - 14:27

Employer's group IBEC today said that rising unemployment and deteriorating consumer confidence are causing the continued fall in retail sales.

The most recent retail sales data from the CSO show that the volume of retail sales fell by an annual 5.2% in June. Excluding motor trades, the annual decline was 1.8%.

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