Ireland’s retail sector experienced a welcome resurgence in July 2024, as retail sales surged to a 0.4% increase compared to the same month a year ago. This marks a significant recovery from the -1.8% decline reported in June 2024.The latest data, updated on 30 August 2024, reflect a promising shift for the Irish economy, which has been striving to regain momentum amid global uncertainties. The current indicator contrasts markedly with last month’s performance, instilling hope for economic stability moving forward.Economic analysts view the July rebound as a positive signal, suggesting increased consumer confidence and a potential boost in domestic spending. The year-over-year comparison underscores a pivotal turnaround, emphasizing the importance of sustained retail activity in Ireland’s economic landscape. As businesses and consumers alike look ahead, the July data offer a glimmer of optimism.The material has been provided by InstaForex Company – www.instaforex.com
- Japan’s Machine Tool Orders Plummet to -3.5% in August 2024, Following Strong July Performance - September 10, 2024
- Sweden Sees Rebound in Industrial Production for July, Rising to 1.6% - September 10, 2024
- Sweden’s Industrial New Orders Slump in July after June Growth - September 10, 2024
