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Thu 09 Sep 2010Consumers 'running out of steam'

RETAIL SALES:THE DECLINE in consumer spending, in evidence since May, continued in July. The latest CSO figures show the value and volume of core retail sales fell when compared to June levels.

The volume of non-motor retail sales – which excludes price effects – decreased by a full 1 per cent month-on-month. This was the largest decline since August 2009. The value of sales fell by 0.6 per cent on June.

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