Retail trade sales increased by 2,2% year-on-year in October 2018, after a contraction of 0.7% in September, according to Statistics South Africa. On a month-on-month basis, sales rose 0.6% in October.
The muted growth in September was higher than economists’ consensus of 1.5%, according to a poll by Bloomberg.
The highest annual growth rates were recorded for retailers in household furniture, appliances and equipment (10,1%); all 'other' retailers (6,2%); retailers in pharmaceuticals and medical goods, cosmetics and toiletries (4,2%); and retailers in textiles, clothing, footwear and leather goods (3,4%).
Seasonally adjusted retail trade sales increased by 0,6% in October 2018 compared with September 2018. This followed month-on-month changes of -0,7% in September 2018 and 0,7% in August 2018. In the three months ended October 2018, seasonally adjusted retail trade sales increased by 1,0% compared with the previous three months.
Retail trade sales rose 1,8% in the three months ended October 2018 compared with the three months ended October 2017, Statistics South Africa said.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.