South African retail sales rose by 2.9 percent year-on-year in June, above market expectations, after increasing by a revised 1.6 percent in May, data from the statistics office showed Wednesday.
Analysts polled by Reuters had forecast a 2.2 percent year-on-year increase in retail sales in June.
On a month-on-month basis, sales inched up 0.2 percent and were up 2.2 percent in the three months to June compared with the same period last year, Statistics South Africa said.
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Frontpage September 28, 2020