What you need to know about the new direct marketing guidance note
Nadine Mather and Chloë Loubser
Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Administrator George
- Area Operations Manager Cape Town
- Sales Agent Hoogland
Retail sales up 6,4% year-on-year
Growth in SA's retail trade sales at constant prices jumped to 6,4% year-on-year (y/y) after a revised 1,1% [1,0%] growth in April‚ figures released on Wednesday by Statistics SA showed.
Retail trade sales growth for May was expected to come in at 5,2% y/y‚ according to a survey of leading economists by I-Net Bridge.
Forecasts among the seven economists ranged from 0,3% to 9.0%.
Measured in real terms‚ seasonally adjusted retail trade sales decreased 0,8% in May compared with April.
This followed month-on-month changes of 0,8% in April and 2,1% in March.
In terms of the 6,4% y/y growth in May‚ the highest annual growth rates were recorded for retailers in hardware‚ paint and glass‚ at 11,1%; and retailers in textiles‚ clothing‚ footwear and leather goods‚ at 11,0%; and the 'all other' retailers category‚ at 9,8%.
In real terms‚ retail trade for the three months ended May reflected an increase of 4,7% compared with the three months ended May 2011.
The largest contributors were retailers in textiles‚ clothing‚ footwear and leather goods‚ at 8,0% and contributing 1,7 percentage points; general dealers‚ at 3,0% and contributing 1,1 percentage points; and 'all other' retailers‚ at 6,8% and contributing 0,8 percentage points.
Source: I-Net Bridge
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
