Retail sales in November and the state of the economy… January 7, 2013Posted by WorldbyStorm in Economy, Irish Politics.
The volume of retail sales fell by 1.1 per cent in November as demand for electrical goods and fuel decreased dramatically.
Sales of electrical goods were down 17.8 per cent in the month, while fuel sales were down 3.2 per cent.
Retail Ireland suggest that it was…
….the scheduling of the budget in December last year. The kite flying for Budget 2013 did not help retail sales or consumer sentiment and caused many consumers to postpone their spend,” Retail Excellence Ireland chief executive David Fitzsimons said.
But is it a case of postponing their spend or not having the money in the first place. This isn’t simply a matter of semantics. Anyone with any sense and limited income, which is pretty much all of us, will have been looking at 2013 with some degree of trepidation for a long time now. And 2014. And 2015. And as for kite flying, it would be an interesting exercise to go back and see how much of what was flown didn’t wind up in the Budget… my sense was that there was much less kite flying than previously. And those which were flown were broadly on the money.
None of which is to say that there was no effect, though it will be interesting to see the December/January figures to see how much was delayed and how much was retained (or wasn’t there at all). Again, my sense from December and various events was that money was very tight well after the Budget. Any thoughts?