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Wholesale sales up 8.7%

Wholesale trade sales at constant (2000) prices for June grew 8.7% year on year (y/y) compared with 6.6% in May, Statistics SA data showed on Thursday, 18 August 2011.

Stats SA added that wholesale trade sales, at constant 2000 prices, for the second quarter ended June increased by 6.8% compared with the second quarter of 2010, while sales for the same period in 2010 increased by 3.0%.

Seasonally adjusted wholesale trade sales for the second quarter of 2011 increased by 3.7% compared with the first quarter of 2011.

Wholesale trade sales, at current prices, for the second quarter of 2011 increased by 12.4% compared with the second quarter of 2010.

The major contributors to this increase were dealers in solid, liquid and gaseous fuels and related products (26.2% and contributing 5.4 percentage points), dealers in other household goods except precious stones (13.9% and contributing 1.5 percentage points), dealers in agricultural raw materials and livestock (24.1% and contributing 1.2 percentage points) and dealers in other goods (12.2% and contributing 1.1 percentage points).

Wholesale trade sales, at current prices, for June 2011 increased by 14.3% compared with June 2010, while sales for the corresponding period in 2010 increased by 10.1%.

Source: I-Net Bridge

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