News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

October retail trade sales up 7.4%

South African retail trade sales at constant (2008) prices for October rose 7.4% year on year (y/y) after downwardly revised growth of 7.7% (8.3%) in September, figures released on Wednesday, 7 December, by Statistics SA showed.

Growth for October was expected to lose a bit of momentum to 7.6% y/y, according to a survey of leading economists by I-Net Bridge.

Forecasts among the nine economists ranged from 2.5% to 8.5%.

The highest annual growth rate was recorded for 'retailers in hardware, paint and glass' (16.6%), followed by 'retailers in household furniture, appliances and equipment' (13.2%) and 'retailers in textiles, clothing, footwear and leather goods' (10.7%).

On a month on month basis retail sales came in at 0.6% in October.

In real terms, retail trade sales for the three months ended October 2011 reflected an increase of 7.6% compared with the three months ended October 2010, Statistics SA added.

The largest contributor to the 7.6% increase was 'general dealers' (5.9% and contributing 2.2 percentage points), followed by 'all other retailers' (13.1% and contributing 1.6 percentage points), 'retailers in textiles, clothing, footwear and leather goods' (8.1% and contributing 1.6 percentage points) and 'retailers in hardware, paint and glass' (13.2% and contributing 1.0 percentage point).

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz