SA April retail trade sales up 1.8%
Retail trade sales were expected to have increased by 1.6% y/y in April‚ according to a BDpro survey of economists. Forecasts among the 11 economists ranged from -1.2% to 3.3%.
Measured in real terms‚ seasonally adjusted retail trade sales were flat in April following month-on-month changes of -1.1% in March and 0.4% in February.
Seasonally adjusted retail trade sales decreased by 0.8% in the three months ended April compared with the previous three months and were up 1.6% in the three months ended April 2014 compared with the three months ended April 2013.
Source: I-Net Bridge
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