Retail trade sales were expected to have increased by 1.5% y/y‚ according to a survey of leading economists by I-Net Bridge.
Forecasts among the eight economists polled ranged from 0.3% to 3.0%.
Measured in real terms‚ seasonally adjusted retail trade sales increased by 0.9% in November compared with October.
This followed month-on-month changes of -1.8% in October and -0.4% in September.
The main contributors to the 3.4% increase were retailers in textiles‚ clothing‚ footwear‚ and leather goods‚ contributing 1.8 percentage points; all other retailers‚ contributing 0.8 of a percentage point; and retailers in food‚ beverages and tobacco in specialized stores‚ contributing 0.6 of a percentage point.
The highest annual growth rates were recorded for retailers in textiles‚ clothing‚ footwear and leather goods‚ with 8.0%; retailers in household furniture‚ appliances and equipment‚ with 6.4%; all other retailers with 6.4%; and retailers in food‚ beverages and tobacco in specialized stores‚ with 5.9%.
Seasonally adjusted retail trade sales rose by 3.0% in the three months ended November last year compared with the three months ended November 2011‚ and remained constant in the three months ended November last year compared with the previous three months.
The main contributors to the 3.0% increase were retailers in textiles‚ clothing‚ footwear and leather goods‚ with a 5.7% rise and a 1.2 percentage points contribution; and retailers in food‚ beverages and tobacco in specialized stores which increased 4.7% and contributed 0.5 of a percentage point.
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
