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SA wholesale trade sales up 8.5% y/y in July
Wholesale trade sales increased by 8.5% year-on-year (y/y) in July‚ measured in real terms (constant 2012 prices)‚ data released on Thursday (19 September) by Statistics South Africa showed.
This compares with a revised 6.4% (7.5%) y/y gain in June.
Seasonally adjusted wholesale trade sales increased by 0.5% in July compared with June. This followed month-on-month changes of -0.9% in June and 2.6% in May.
Seasonally adjusted wholesale trade sales increased by 2.1% in the three months ended July compared with the previous three months.
On Wednesday (18 September) Stats SA said real retail sales rose by 2.8% y/y in July after a 1.4% y/y gain in June.
The June release was the first statistical release presenting seasonally adjusted wholesale trade sales using the X-12-ARIMA seasonal adjustment program.
Source: I-Net Bridge
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