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Retail trade seen at 6.0% y/y Oct vs 6.1%

7 Dec 2010

South African retail trade sales at constant (2008) prices for October 2010 are expected to dip slightly to 6.0% year-on-year (y/y) growth from 6.1% in September, according to a survey of leading economists by I-Net Bridge.

Forecasts among the seven economists ranged from 5.2% to 6.5%.

Growth in retail sales came in stronger than expected, at 6.1% in September, from the 4.6% in August, partly marking gains from the ending of the public sector strike.

Retail sales are likely to have remained firm in October, supported by attractive retail prices and low interest rates, according to one of the economists surveyed.

The October retail trade sales data will be released by Statistics South Africa at 11.30am on Wednesday, 8 December.

Source: I-Net Bridge

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