Subscribe & Follow

Advertise your job vacancies

Jobs

SA July retail trade sales up 3.3% y/y

16 Sep 2015

Growth in retail sales slowed slightly to 3.3% year on year (y/y) in July compared with a year earlier from 3.5% in June, Statistics SA data showed on Wednesday...

Despite being a slowdown, the 3.3% increase in sales was better than the 2.4% that was expected.

Stats SA reported that the main contributors to the 3.3% increase in sales were general dealers, and retailers in textiles, clothing, footwear and leather goods.

The implementation of the public-sector wage deal that was backdated to April may have supported spending in July, Barclays Africa economists said in a research note earlier.

The latest data are another indicator of a slowdown in consumer spending, which is unsupportive of higher economic growth.

Seasonally adjusted retail trade sales increased by 0.1% month on month in July after increasing by 0.4% in the month of June and falling 0.3% in May.

Seasonally adjusted retail trade sales remained unchanged in the three months ended July 2015 compared with the previous three months.

Sales increased by 3% in the three months ended July this year compared with the three months ended July last year, with the main contributors being general dealers; retailers in textiles, clothing, footwear and leather goods; and retailers in hardware, paint and glass.

Source: BDpro

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