Thu 04 Apr 2007Weak car sales hit February retail figuresSales on the high street dipped in February due to weak car
sales, the latest retail sales figures have revealed. However, a
leading analyst described the development as temporary and has
predicted strong retail sales growth for the full year.The latest retail sales index from the Central Statistics Office
(CSO) suggests that total sales volumes grew by 6.8 per cent in
annual terms and by 6.9 per cent when sales of cars are excluded.
But, compared to January, motor sales were sharply lower in
February, down 3.8 per cent. Sales of other big-ticket items also
fell, with electrical goods down 1.6 per cent on the month,
furniture and lighting products down by 2.8 per cent and hardware
product sales falling by 5.5 per cent. As a result, total sales
volume fell by 2.2 per cent in February, compared to January's
levels, when adjustment is made for seasonal factors.