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SA February retail trade sales up 2.2% y/y
Retail trade sales were expected to have increased by 3.2% y/y‚ according to a survey of leading economists by BDpro. Forecasts among the thirteen economists polled ranged from 2.5% to 5.9%.
Measured in real terms‚ seasonally adjusted retail trade sales decreased by 0.2% month on month in February 2014. This followed month-on-month changes of 0.5% in January 2014 and 1.0% in December 2013.
Seasonally adjusted retail trade sales increased by 2.1% in the three months ended February 2014 compared with the previous three months.
Source: I-Net Bridge
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