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SA June retail trade sales increase

14 Aug 2013

Retail trade sales measured in constant (2012) prices increased by 1.9% year on year (y/y) in June from a revised 6.0% (6.2%) y/y increase in May‚ figures from Statistics SA showed on Wednesday, 14 August 2013.

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Retail trade sales were expected to have increased by 2.8% y/y‚ according to a survey of leading economists by I-Net Bridge.

Forecasts among the nine economists polled ranged from 1.1% to 4.5%.

Measured in real terms‚ seasonally adjusted retail trade sales remained stable between May and June following month-on-month changes of 2.1% in May and -0.4% in April.

The highest annual growth rates were recorded for retailers in hardware‚ paint and glass (5.3%); all other retailers (4.9%); and retailers in textiles‚ clothing‚ footwear and leather goods (4.0%).

The main contributors to the 1.9% increase were retailers in textiles‚ clothing‚ footwear and leather goods‚ contributing 0.8 of a percentage point; all other retailers‚ contributing 0.5 of a percentage point; general dealers and retailers in hardware‚ paint and glass‚ both contributing 0.4 of a percentage point.

Seasonally adjusted retail trade sales increased by 1.0% in the second quarter of 2013 compared with the previous quarter.

Retail trade sales increased by 3.3% in the second quarter of 2013 compared with the second quarter of 2012.

The main contributors to this increase were retailers in textiles‚ clothing‚ footwear and leather goods‚ increasing 7.3% and contributing 1.5 percentage points; all other retailers‚ rising 7.5% and contributing 0.8 of a percentage point; and general dealers‚ rising 1.5% and contributing 0.6 of a percentage point.

Source: I-Net Bridge

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