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SA July retail trade sales up 2.8%
Retail trade sales measured in constant (2012) prices increased by 2.8% year-on-year (y/y) in July from a revised 1.4% (1.9%) y/y increase in June‚ figures from Statistics SA released on Wednesday, 18 September 2013, showed.
Retail trade sales were forecast to have increased by 4.2% y/y‚ according to a survey of leading economists by I-Net Bridge. Forecasts among the ten economists polled ranged from 1.3% to 6.8%.
Measured in real terms‚ seasonally adjusted retail trade sales fell 0.5% between June and July following month-on-month changes of -0.5% in June and 1.9% in May.
The highest annual growth rates were recorded for retailers in hardware‚ paint and glass (10.3%); textiles‚ clothing‚ footwear and leather goods (8.9%); and food‚ beverages and tobacco in specialised stores (4.3%).
The main contributors to the 2.8% increase were retailers in textiles‚ clothing‚ footwear and leather goods (contributing 1.8 percentage points)‚ retailers in hardware‚ paint and glass (contributing 0.8 of a percentage point) and retailers in food‚ beverages and tobacco in specialised stores (contributing 0.4 of a percentage point).
Seasonally adjusted retail trade sales increased by 0.9% in the three months ended July 2013 compared with the previous three months.
Retail trade sales increased by 3.4% in the three months ended July 2013 compared with the same period last year.
The main contributors to this increase were retailers in textiles‚ clothing‚ footwear and leather goods (8.8% and contributing 1.8 percentage points); general dealers (1.8% and contributing 0.7 of a percentage point); and retailers in hardware‚ paint and glass (7.8% 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.
Go to: http://www.inet.co.zaRelated
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