Share

August retail sales climbs 2%

Johannesburg - Growth in South Africa's retail sales was at 2.1% year-on-year in August, above market expectations but below the 2.4% expansion for July.


Economists polled by Reuters had forecast retail sales would increase by just 1.1% compared with the same month last year.

On a month-on-month basis, sales were up 0.6%, and rose 1.2% in the three months to August compared with the same period in 2013.

"The main contributor to the 2.1% increase were general dealers (contributing 1.4 percentage points) and retailers in hardware, paint and glass (contributing 0.4% of a percentage point)," Stats SA said.

The highest annual growth rates were recorded in retailers in hardware, paint and glass, general dealers and all "other" retailers.

Retailers in hardware, paint and glass increased by 4.6%, general dealers by 3.4% and "other" retailers 3.1%.

Seasonally adjusted retail trade sales increased by 0.6% month-on-month in August this year.

"This followed month-on-month changes of 1.2% in July 2014 and -0.8% in June 2014," Stats SA said.

Seasonally adjusted retail trade sales increased by 0.9% in the three months ended August compared to the previous three months.

Retail trade sales increased by 1.2% in the three months ended August 2014, compared with the three months ended August last year.

"The main contributor to this increase was general dealers (1.6% and contributing 0.7 of a percentage point)."

 - Reuters, Sapa

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.89
+0.2%
Rand - Pound
23.84
+0.3%
Rand - Euro
20.38
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders