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March real wholesale sales up 5.3% y/y

17 May 2012

Wholesale trade sales at constant (2000) prices for March 2012 grew by 5.3% year on year (y/y) compared with an upwardly revised 14.0% (13.9%) y/y increase in February after a 6.2% rise in 2011, Statistics SA data showed on Thursday, 17 May 2012.

Wholesale trade sales climbed by 11.3% y/y in nominal terms in March 2012 after a 21.9% y/y rise in February 2012, a 19.2% y/y gain in January and a 13.6% increase in 2011.

Measured in real terms (constant 2000 prices), seasonally adjusted wholesale trade sales fell by 5.0% in March compared with February. This followed month-on-month changes of 3.8% in February 2012 and 2.7% in January 2012.

Measured in nominal terms (current prices), wholesale trade sales increased by 17.1% in the first quarter of 2012 compared with the first quarter of 2011.

The three major contributors to this increase were dealers in: solid, liquid and gaseous fuels and related products (29.1% and contributing 6.5 percentage points); machinery, equipment and supplies (19.8% and contributing 3.0 percentage points); and other household goods except precious stones (19.9% and contributing 2.0 percentage points).

Source: I-Net Bridge

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