South Africa’s retail sales rise 5.5% year-on-year in August
October 18, 20171.5K views0 comments
South African retail sales rose by 5.5 percent year-on-year in August, beating market expectations, after increasing by a revised 1.6 percent in July, data from the statistics office showed on Wednesday.
Reuters analysts had forecasted a 2.3 percent year-on-year increase in retail sales in August.
On a month-on-month basis, sales were up 2.4 percent and rose 3.4 percent in the three months to August compared with the same period last year, Statistics South Africa said.
Read Also:
- Heirs Technologies unveils 5-Year strategy to shake up African business…
- Focus of the week: February 2024 Inflation - Inflation nudges to 31.7%,…
- Dangote Group's profit squeezed by rising cost of sales, up 27.09% in 2023
- Africa's talent takes the spotlight in the RLSD Africa's Talent Leather…
- How lack of infrastructure stymies Africa’s development