September motor trade sales up says Stats SA
Motor trade sales‚ measured in nominal terms (current prices)‚ increased by 6.0% year-on-year in September after climbing by 7.3% y/y in August‚ data released by Stats SA showed.
Fuel sales boosted retailers in September. Image: Free Digital Photos
The highest annual growth rates were recorded for fuel sales (13.6%)‚ workshop income (6.8%) and new vehicle sales (6.0%).
Seasonally adjusted motor trade sales decreased by 1.4% in September compared with August and followed month-on-month changes of -2.0% in August and 5.4% in July.
Stats SA said the seasonally adjusted motor trade sales increased by 2.1% in the third quarter of this year compared with the previous quarter and were up by 8.8% compared with the third quarter of last year.
The major contributors to this increase were fuel sales (15.1% and contributing 3.9 percentage points) and new vehicle sales (10.9% and contributing 3.1 percentage points).
Source: I-Net Bridge
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