The group predicts the best performing Christmas in seven years for Irish retailers, with January tax cuts helping to raise consumer mood and boost spending. The weak euro is also attracting more tourists.
Retail Ireland said it expects core retail sales for December 2015 to reach €4.05 billion, up by 3.5% over 2014. Strengthening momentum means that consumer spending growth will top 3.1% in the full year of 2015 versus last year. Personal consumption expenditure on core retail goods during December will be equivalent to about €2,450 per household, approximately €600 more spending per household than in any other month of the year.