Subscribe & Follow
Trending
Show more
Advertise your job vacancies
Jobs
- Supermarket Store Manager George
- Counter Sales Assistant / Internal Sales George
- Direct Sales Person Nelspruit
- Branch Manager Cape Town
- Area Sales Manager East Rand
- Sales Executive George
- Sales Representative George
- Account Manager/ Pharmacy Sales Rep Western Cape
- Pharmacy Sales Rep Kwazulu Natal
- Account Manager Sandton
Retail sales up 1.7% y/y in May
SA's retail sector not only confounded economists who had expected a contraction in May, but growth accelerated from April, despite the economy being in recession.
©Lilyana Vynogradova via 123RF
According to Statistics SA, retail trade sales increased by 1.7% from a year earlier, to R63.7bn in May, after growing 1.5% to R60.6bn in April 2017.
The retail sector is an important indicator of consumer spending which drives growth in the economy. FNB and Investec economists had predicted a contraction in the sector.
The highest annual growth rates were recorded for retailers in food, beverages and tobacco in specialised stores - rising 14.5%; and pharmaceuticals and medical goods, cosmetics and toiletries - up 5.7%.
Retail trade sales also increased month on month, rising 0.9% in May from April. In the three months ended May compared with the same period the year before, retail trade sales increased by 1.3% - offering hope that the recession may not extend into the second quarter.
Source: BDpro
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
Government urged to push structural reforms as South Africa's GDP grows 0.6% 5 Mar 2025 SA unemployment rate falls for first time in a year 12 Nov 2024 Latest home-loan data shows early resurgence in first-time homebuyers 31 Oct 2024 Marginal increase for retail sales in May 19 Jul 2024 Multi-generational living trends: What property owners should know 30 Apr 2024 Daily Maverick launches A-Z Career Guide 20 Nov 2023
