Growth slows in highest grossing quarter

HAI Business Index member revenue figures for Quarter 3 2016 show a 5% increase on the same period last year and the year-on-year rise is even across urban/rural areas and peaks outside of Dublin. After dipping in July, sector revenue stabilised in August and increased in September. The monthly moving average is broadly at parity for Q3 and even across the various member groups.

40% of rural members offer agricultural supplies. The 2015 Index confirms that Quarter 3 accounted for the highest percentage of members’ revenue in 2015. As in 2014, September and October were the highest grossing months last year.

Quarter 3 was consistently the highest grossing period for members in 2015. The Index presentation of overall monthly revenues confirms that September was the month where revenue most exceeded the 2015 monthly average.

The top grossing individual revenue months in 2015 are mostly within Quarter 3. A total of 154 member branches throughout the country take part in the monthly business index and since the third quarter of 2015 we have been collecting the results quarterly.

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