Friday, April 25, 2008

A Pint of Pain

The latest CSO retail sales index shows that Irish publicans are facing into a(nother) tough year. Not only were bar sales volumes down in February (by -5.3% on the previous year) but so also were bar sales values (by -1.8%).

One saving factor: the proposed new legislation restricting access to alcohol in off-licences may well boost pub sales as falling prices in the former have reduced sales in the latter in the past. Assuming the legislation pushes off-licence prices up, of course.

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