Mnemonic | WRT.IIRL | |
---|---|---|
Unit | Index 2015=100, SA | |
Adjustments | Seasonally Adjusted | |
Monthly | 0.71 % | |
Data | Feb 2024 | 139.5 |
Jan 2024 | 140.5 |
Source | Central Statistics Office (CSO) |
Release | Retail Sales Index |
Frequency | Monthly |
Start Date | 1/31/2015 |
End Date | 2/29/2024 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Real Retail Sales | Feb 2024 | 130.4 | 133.1 | Vol. Index 2015=100, SA | Monthly |
Retail Sales | Feb 2024 | 139.5 | 140.5 | Index 2015=100, SA | Monthly |
Consumer Confidence | Apr 2019 | 87.7 | 93.14 | 1995=100, NSA | Monthly |
For Ireland, the retail sales index (RSI) aims to provide a short term indication of changes in value and volume of retail sales. As such the RSI is a leading monthly indicator for eonomic activity, providing accurate and objective measure of retail trading and consumer spending behaviour.
Active:
Predecessors:
The Retail Sales Index covers, on a matched sample basis, the retail sales of retail businesses, wholesale businesses with sizeable retailing activity, and the separate sales establishments of non-distribution enterprises.
Exclusions: 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. Online retailers not registered in Ireland but selling to Irish Residents are not within the scope of the Irish RSI.
E-commerce: The RSI does include internet/online sales of enterprises which have a presence in Ireland, but these sales are included under the primary activity of the enterprise, e.g., online grocery sales are included in Non-Specialised Stores. Online retailers not registered in Ireland but selling to Irish Residents are not within the scope of the Irish RSI.
The collection of data for online turnover began in November 2018. Enterprises in the sample provide the value of their online turnover for the reporting period. As for all of the survey only Enterprises registered in Ireland are included. From the Annual Services Inquiry (2017) the Online and Mail Order Sector (G4791) registered in Ireland is estimated at 1.0% of all Retail Businesses. A fixed base weight is used from the Annual Services Inquiry (2017).
The statistical unit used for reporting sales figures in this inquiry is the enterprise (i.e. complete business covering all branches). An enterprise is the smallest legally independent unit. All enterprises are eligible to be selected as the are no size cot-offs. Selected enterprises provide a single overall retail sales figure each month.
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 2015 Annual Services Inquiry classified by 13 retail business categories and four turnover (excluding VAT) ranges. The following NACE Rev.2 categories apply:
All Retail Sales “unadjusted” series are trading day adjusted as they are based on either a standardised four or five-week reporting period.
Seasonal adjustment is conducted using the direct seasonal adjustment approach. Under this approach each individual series is independently adjusted, i.e., aggregate series are adjusted without reference to the component series. A consequence is potential loss of additivity in the series. Each individual seasonally adjusted series is calculated based on unadjusted data spanning from January 2010 to the current period.
The adjustments are completed by applying the X-13-ARIMA model, developed by the U.S. Census Bureau, to the unadjusted data.
Additional factors considered: