Retail sales slow in January
Fin24

Retail sales slow in January

2015-03-18 14:32

Johannesburg - South Africa's retail sales grew 1.7% year-on-year in January, below market expectations and lower than a revised 2% expansion in December.

Economists polled by Reuters had forecast retail sales would increase by 2.7% in January compared with the same month last year.

On a month-on-month basis, sales were down 0.1%, and rose 2% in the three months to January compared with the same period in 2014.