South Africa's July retail sales growth slows to 0.8 percent y/y - CNBC Africa

South Africa's July retail sales growth slows to 0.8 percent y/y

Southern Africa

by Reuters 0

Analysts polled by Reuters had forecast a 2 percent year-on-year increase in July. Photo: Wikimedia.

South African retail sales grew by 0.8 percent year-on-year in July, after expanding by a revised 1.4 percent in June, data from the statistics office showed on Wednesday.

Analysts polled by Reuters had forecast a 2 percent year-on-year increase in July.

On a month-on-month basis, sales fell by 0.4 percent, and were up 2 percent in the three months to July compared with the same period last year, Statistics South Africa said.

 

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