SA July retail trade sales up 2.8%
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
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