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Paint Industry Branch Supervisor Plettenberg Bay

November wholesale trade sales +8.1% y/y

21 Jan 2011

Wholesale trade sales at constant (2000) prices for November grew an impressive 8.1% year-on-year (y/y) from a revised 0.7% (0.4%) in October, Statistics South Africa data showed on Thursday, 20 January 2011.

In addition, wholesale trade sales at constant 2000 prices for the three months ended November 2010 increased by 4.7% compared with the three months ended November 2009, while sales for the same period in 2009 decreased by 11.2%.

Seasonally adjusted wholesale trade sales for the three months ended November 2010 decreased by 0.2% compared with the three months ended August 2010.

Stats SA added that wholesale trade sales, at current prices, for November 2010 increased by 13.6% compared with November 2009, while sales for the corresponding period in 2009 decreased by 15.2%.

Wholesale trade sales at current prices for the three months ended November increased by 10.3% compared with the same period in 2009.

Major contributors to this increase were dealers in solid, liquid and gaseous fuels and related products, contributing 4.0 percentage points; and dealers in food, beverages and tobacco, with a two-percentage points contribution.

Wholesale trade began the year with major losses, posting a 10% y/y decline in January following -5.3% in December. The declines then slowed to -2.1% in February and have shown positive growth since March.

Source: I-Net Bridge

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