Share

October retail sales accelerate to 2.2%

Retail sales picked up in October, reflecting year-on-year growth of 2.2%, according to data from Statistics South Africa (Stats SA).

Analysts had expected the uptick, with NKC Economics anticipating sales would come in at 2.5%. The figures were still higher than the annual 0.6% growth recorded in September.

The main contributors to growth came from "other retailers", which grew by 6.2% and contributed 0.8 of a percentage point to overall sales growth. 

Retailers in textiles, clothing, footwear, and leather goods grew sales by 3.4% and contributed 0.6 of a percentage point to overall growth.

The highest annual growth was recorded for retailers in household furniture, appliances and equipment, which was up 10.1%.

Month-on-month October sales were up 0.6%, compared to the decline of 0.7% recorded for the month of September.

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
18.75
+1.4%
Rand - Pound
23.45
+1.5%
Rand - Euro
20.08
+1.6%
Rand - Aus dollar
12.27
+1.1%
Rand - Yen
0.12
+2.2%
Platinum
925.40
-0.0%
Palladium
969.50
-2.1%
Gold
2,338.30
+0.3%
Silver
27.42
-0.1%
Brent Crude
89.01
+1.1%
Top 40
69,404
+1.4%
All Share
75,399
+1.4%
Resource 10
62,655
+0.9%
Industrial 25
104,051
+1.5%
Financial 15
16,102
+1.9%
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