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SA June retail trade sales increase
Retail trade sales were expected to have increased by 2.8% y/y‚ according to a survey of leading economists by I-Net Bridge.
Forecasts among the nine economists polled ranged from 1.1% to 4.5%.
Measured in real terms‚ seasonally adjusted retail trade sales remained stable between May and June following month-on-month changes of 2.1% in May and -0.4% in April.
The highest annual growth rates were recorded for retailers in hardware‚ paint and glass (5.3%); all other retailers (4.9%); and retailers in textiles‚ clothing‚ footwear and leather goods (4.0%).
The main contributors to the 1.9% increase were retailers in textiles‚ clothing‚ footwear and leather goods‚ contributing 0.8 of a percentage point; all other retailers‚ contributing 0.5 of a percentage point; general dealers and retailers in hardware‚ paint and glass‚ both contributing 0.4 of a percentage point.
Seasonally adjusted retail trade sales increased by 1.0% in the second quarter of 2013 compared with the previous quarter.
Retail trade sales increased by 3.3% in the second quarter of 2013 compared with the second quarter of 2012.
The main contributors to this increase were retailers in textiles‚ clothing‚ footwear and leather goods‚ increasing 7.3% and contributing 1.5 percentage points; all other retailers‚ rising 7.5% and contributing 0.8 of a percentage point; and general dealers‚ rising 1.5% and contributing 0.6 of a percentage point.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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