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Nov retail trade sales slump

South African retail trade sales at constant (2008) prices for November were recorded at -6.6% year-on-year (y/y) from a revised -6.1% (-6.5%) in October, figures released on Wednesday by Statistics South Africa show.

Retail trade sales, at constant (2008) prices, for the quarter to November 2009 reflected a decrease of -5.9% compared with the same quarter a year earlier.

The major contributors to the decrease of 5.9% in retail trade sales, at constant (2008) prices, for the three months ended November 2009 compared with the three months ended November 2008 were all other retailers (-12.1% and contributing -1.7 percentage points), retailers in hardware, paint and glass (-18.6% and contributing -1.5 percentage points) and general dealers (- 3.4% and contributing -1.3 percentage points).

Retail trade sales, at current prices, for the three months ended November 2009 increased by 2.2% compared with the three months ended November 2008. The main contributor to this increase was general dealers (7.3% and contributing 2.8 percentage points).

Retail trade sales, at current prices, for November 2009 increased by 0.8% compared with November 2008, while sales for the corresponding period in 2008 increased by 10.3%.

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