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Wed 07 Jul 2007Retail sales increase by 9.9% helped by maturing SSIA fundsRetail sales volumes surged by 9.9 per cent in May compared to May 2006, according to the latest figures from the CSO. There was a monthly rise of 1.4 per cent from April.If motor trades are excluded, the annual increase was 9.1 per cent and the monthly change was 2.2 per cent. By value, retail sales rose by 10.6 per cent in May 2007 compared to the previous May and by 1.5 per cent in the month.