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October retail sales slow

Dec 11 2012 09:35
Reuters
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(Duncan Alfreds, News24)

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Johannesburg - Growth in South Africa's retail sales slowed to 1.0% year-on-year in October compared with a revised 4.7% expansion in September, Statistics SA said on Tuesday. 

On a month-on-month basis, sales were down by 1.7% in October. For the quarter, they were up by 4.1% from the same period a year ago.

Economists in a Reuters survey expected retail sales growth of 4.0% in October compared with 4.3% previously reported.  

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