Share

Feb retail trade sales up 5.6%

Johannesburg - South African retail trade sales at constant (2008) prices for February rose 5.6% year on year (y/y) after a revised 6.3% growth in January, figures released on Wednesday by Statistics SA showed.

Retail trade sales at constant (2008) prices for February were expected to increase to 6.9% y/y from the 6.4% seen in January, according to a survey of leading economists by I-Net Bridge.

Forecasts among the eight economists ranged from 5.8% to 8.2%.

Measured in real terms (constant 2008 prices), seasonally adjusted retail trade sales decreased by 1% in February 2011 compared with January 2011. This followed month-on-month changes of 1% in January 2011 and 1.6% in December 2010.

On the 5.6% growth, the highest annual growth rate was recorded for 'retailers in hardware, paint and glass'(16.7%), followed by 'retailers in pharmaceutical and medical goods, cosmetics and toiletries' (10.8%) and 'retailers in household furniture, appliances and equipment' (7.7%).

In real terms, retail trade sales for the three months ended February 2011 reflected an increase of 6.9% compared with the three months ended February 2010. The main contributors to the increase of 6.9% were 'general dealers' (5.4% and contributing 2.1 percentage points), 'retailers in textiles, clothing,footwear and leather goods' (5.9% and contributing 1.3 percentage points), 'retailers in pharmaceutical and medical goods, cosmetics and toiletries' (18.2% and contributing 1.0 percentage point) and 'all other retailers' (7.8% and contributing 1.0 percentage point)
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
18.93
-0.0%
Rand - Pound
23.90
+0.0%
Rand - Euro
20.40
+0.1%
Rand - Aus dollar
12.32
+0.1%
Rand - Yen
0.13
+0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
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