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Johannesburg - South African retail trade sales at constant (2000) prices for January 2008 showed a marginal increase of 0.2% compared with January 2007, after two consecutive decreases at the end of 2007, Statistics South Africa reported on Wednesday.
The negative growth rates for November 2007, compared with November 2006 (-0.2%), and December 2007, compared with December 2006 (-0.5%), were the first decreases in real terms in more than six years.
Retail trade sales at constant prices, for the three months up to January 2008, showed a decrease of 0.2% compared with the three months up to January 2007.
Retail trade sales at current prices, for the three months up to January 2008, increased by 9.5% compared with the three months up to January 2007.
This is lower than the 14.9% increase for the corresponding period of 2007.
Furthermore, retail trade sales at current prices, for January 2008, increased by 10.6% compared with January 2007.
- I-Net Bridge