TM
DUBLIN Mastercard SpendingPulse
| May 2018
TOTAL RETAIL SPEND IN DUBLIN CONTINUES ON UPWARD TREND TOTAL RETAIL SALES INDEX (SA) 116
120
+4.8% YoY
115
116
+5.2% YoY
110 105
DUBLIN
Q4 18
Q4 17
Q3 17
Q2 17
Q1 17
Q4 16
Q3 16
Q2 16
Q1 16
Q4 15
Q3 15
Q2 15
Q1 15
Q4 14
Q3 14
Q2 14
95
Q1 14
100
IRELAND
Consumer spending in the Dublin economy moderated slightly in the first quarter of 2018. Overall expenditure increased by 4.8% YoY and by 0.3% QoQ in Q1 2018. This marks the seventh consecutive quarter in which QoQ growth has been positive and continues to reflect the strengthening Dublin economy.
Both Ireland and Dublin saw increases in retail sales growth in Q1 2018. Dublin’s 4.8% growth rate was impressive with virtually all areas growing including Entertainment turning from a negative growth in Q4 2017 to positive growth in Q1 2018. The eCommerce channel had a mild deceleration in year-over-year growth, though still showed impressive growth in the mid-teens, in both Dublin and across Ireland.
Nationally, the sales index has maintained a strong upward trend in Q1 2018 growth in QoQ growth of 1.5%. Expenditure in Ireland (including Dublin) registered growth of 5.2% YoY in the first quarter and represents the strongest YoY growth since the series began in Q1 2014. Indeed total Irish consumer spending has increased on a consistent basis over the past four years and the results from the most recent quarter indicate that this trend is continuing.
Michael McNamara
GLOBAL HEAD OF SPENDING PULSE, MASTERCARD
DUBLIN RETAIL SALES VALUE INDEX (SA)
+4.8%
115.8
+0.3%
YOY GROWTH IN DUBLIN SALES INDEX
DUBLIN SALES INDEX VALUE
QOQ GROWTH IN DUBLIN SALES INDEX
Q1 2018
QOQ
METHODOLOGY A macro-economic indicator, SpendingPulse™ reports on national and Dublin retail sales and is based on aggregate sales activity in the Mastercard payments network, coupled with estimates for all other payment forms, including cash and cheque. This information has been grossed up to present an estimate of the total retail sales of retail businesses in Ireland and Dublin to both residents and tourists. Data is seasonally adjusted but is not adjusted for inflation. Mastercard SpendingPulse™ does not represent Mastercard financial performance. SpendingPulse™ is provided by Mastercard Advisors, the professional services arm of Mastercard International Incorporated. See www.dublineconomy.ie for more info on methodology.
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