May real wholesale sales up 8.7% y/y
Wholesale trade sales at constant (2000) prices for May grew by 8.7% year on year (y/y) compared with a 9.5% y/y growth in April‚ Statistics SA data showed on Thursday, 19 July 2012.
Wholesale trade sales increased by 14.6% y/y in nominal terms in May.
Measured in real terms‚ seasonally adjusted wholesale trade sales rose by 1.0% in May compared with April following month-on-month changes of 2.4% in April and -4.9% in March.
Measured in nominal terms (current prices)‚ wholesale trade sales increased by 13.7% for the three months ended May 2012 compared with the same period in 2011.
The three major contributors to this increase were dealers in: solid‚ liquid and gaseous fuels and related products (24.8% and contributing 5.6 percentage points); machinery‚ equipment and supplies (16.8% and contributing 2.6 percentage points); and food‚ beverages and tobacco (12.8% and contributing 2.0 percentage points).