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April real wholesale sales up 8.1% y/y

Wholesale trade sales at constant (2000) prices for April grew by 8.1% year on year (y/y) compared with an unrevised 5.3% y/y growth in March‚ Statistics SA data showed on Thursday, 14 June 2012.

Wholesale trade sales increased by 13.9% y/y in nominal terms in April.

Measured in real terms‚ seasonally adjusted wholesale trade sales rose by 1.4% in April compared with March following month-on-month changes of -5.1% in March and 3.8% in February.

Measured in nominal terms (current prices)‚ wholesale trade sales increased by 15.5% for the three months ended April 2012 compared with the same period in 2011.

The three major contributors to this increase were dealers in: solid‚ liquid and gaseous fuels and related products (29.1% and contributing 6.6 percentage points); machinery‚ equipment and supplies (18.5% and contributing 2.9 percentage points); and other household goods except precious stones (17.4% and contributing 1.8 percentage points).

Source: I-Net Bridge

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