Retail sales up 2.6% in December on back of robust vehicle sales

Motor sales surged 41%.

Retail sales were again propped up by robust vehicle sales in December. Data released today by the Department of Statistics showed that overall retail sales grew 2.6% year-on-year in December, on back of a 41% surge in motor vehicle sales.

Excluding vehicle sales, the figure would have dropped 3.2%. The total retail sales value in December 2014 was estimated at $3.7 billion, higher than the $3.6 billion in December 2013.

On a month-on-month basis, retail sales decreased 2% in December. Excluding motor vehicles, retail sales declined 3.3%.

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