Ireland retail sales volume grew at the fastest annual pace in seven months in February, data from the Central Statistics Office showed Friday.

The retail sales volume rose a seasonally adjusted 8.2 percent annually following an 8 percent gain in the previous month. The latest pace of growth was the fastest since January 2014.

Month-on-month, the volume of retail sales declined 0.2 percent in February, which was the first fall in four months.

Excluding automobile sales, the retail sales volume rose 4.8 percent annually and 0.7 percent from the previous month.

Year-on-year, the retail sales value increased 4.4 percent in February after a 4.6 percent climb in the previous month. On a monthly basis, sales value declined 0.5 percent, after a 2.4 percent gain in January.

Without automobile sales, the sales value rose 0.7 percent annually and 0.4 percent from the previous month.

The material has been provided by InstaForex Company –