logo

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

PUBLISHED: Thu, 15 Sep 2016 06:29:21 GMT

Share

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.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED