Hardware retailers led a fall in building confidence, a quarterly poll by Stellenbosch University's Bureau for Economic Research (BER) reported on Thursday...
Robert Laing 9 Jun 2016
The latest results from Ernst & Young/Bureau for Economic Research (EY/BER) Retail Survey points to a modest recovery in volume growth during the third quarter.
Retail sales rose more slowly than expected in October, official data showed yesterday, suggesting consumers may be wary of spending as the year draws to a close.
The percentage of retailers reporting that they are satisfied with prevailing business conditions increased by only one point to 48 during 2011 Q3, after slumping from 58 to 47 during 2011 Q2. This is despite the results from the latest Bureau for Economic Research (BER) / Ernst & Young Retail survey that suggest that retail sales growth remained solid during the third quarter of 2011 and that the overall profitability of retailers improved.
Despite the record majority of respondents to the Bureau for Economic Research's retail trade survey reporting lower sales volumes, confidence in both the retail and wholesale sectors remained under pressure with wholesale confidence increasing from 31 to 36 index points and retail confidence dropping from 52 to 47 index points.
With the contraction in sales figures across almost all sectors of the market, the Q1 2009 results of the Bureau for Economic Research shows a slight increase in retail business confidence in the quarter, said Derek Engelbrecht, retail and consumer products sector leader at Ernst & Young, on Tuesday 7 April 2009.