Retail trade sales were expected to have increased by 2.4% y/y‚ according to a survey of leading economists by I-Net Bridge.
Forecasts among the nine economists polled ranged from 1.2% to 4.2%.
Measured in real terms‚ seasonally adjusted retail trade sales fell 0.7% between September and August.
This followed month-on-month changes of 1.2% in August and -0.4% in July.
Positive annual growth rates were recorded for retailers in textiles‚ clothing‚ footwear and leather goods (5.9%); and hardware‚ paint and glass (3.4%).
Positive contributors to the 0.2% increase were retailers in textiles‚ clothing‚ footwear and leather goods (contributing 1.1 percentage points) and retailers in hardware‚ paint and glass (contributing 0.3 of a percentage point).
Seasonally adjusted retail trade sales increased by 0.4% in the third quarter of 2013 compared with the previous quarter.
Retail trade sales increased by 2.1% in the third quarter of 2013 compared with the third quarter of 2012. The main contributors to this increase were retailers in textiles‚ clothing‚ footwear and leather goods (7.4% and contributing 1.5 percentage points); and hardware‚ paint and glass (6.0% and contributing 0.5 of a percentage point).
Source: Business Day
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.za
