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Disappointing retail sales flat in September

Nov 13 2019 14:06

Annual retail sales were flat in September, coming in well below economists expectations.

Stats SA announced on Wednesday that in real terms retail trade sales increased by 0.2% year-on-year in September 2019. 

Ahead of the announcement, Investec and NKC African Economics said they were expecting a rise of 1.9% in September. 

While sales in the textiles, clothing, footwear and leather goods sector grew by 3% over the past year, general dealers sales – a category that accounts for almost half of all sales –  fell by 0.7%.

retail

Sales were up 0,5% in September 2019 compared with August 2019.

- Compiled by Jan Cronje 

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