Bar Sales Increased Year On Year In January
According to the Retail Sales Index January 2023 (Provisional) and December 2022 (Final) report from the Central Statistics Office (CSO), the volume of sales in bars increased, year on year, in January 2023.
The report, which was published on CSO.ie, states that there was a 20.2% annual increase in the volume of sales in bars in January 2023, but a 20.4% monthly decrease, while the volume of bar sales was 29.9% lower than the volume of sales recorded for pre-pandemic February 2020.
Food, Beverage And Tobacco (Specialized Store) Sales
Meanwhile, there was an 8.4% annual decrease in the volume of food, beverage and tobacco (specialized store) sales in January 2023, and also a 0.6% monthly increase in the volume of food, beverage and tobacco (specialized store) sales in the first month of this year, while the volume of food, beverage and tobacco (specialized store) sales was 56.5% higher than the volume of sales recorded for pre-pandemic February 2020, according to the CSO’s data.
Statement By Statistician
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The report published on CSO.com quoted a statistician in the business statistics division, Stephanie Kelleher, as saying, “Retail sales rose by 0.1% in January 2023, when compared with December 2022, on a seasonally adjusted basis. On an annual basis, retail volumes were 3.0% higher than in January 2022.
“The highest monthly volume decreases were in bars – -20.4% – department stores – -5.0% – non-specialized stores, including supermarkets – -3.4% – and pharmaceuticals, medical & cosmetic articles – -2.8%. […] The largest annual volume increase was in bars – 20.2% – however, caution should be exercised with this level of growth, as it is compared with a low base from the previous year. Despite this large recovery, bar sales remained 29.9% lower than their pre-Covid-19 level in February 2020.”
Read more: Bar Sales Increased Year On Year In December
© 2023 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.