SA retail sales growth slows to 2.2%

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Bloomberg

File photo: Dhiraj Singh

Johannesburg - South Africa's retail sales grew by a lower-than-expected 2.2 percent year-on-year in February compared with a revised 6.4 percent in January, Statistics South Africa said on Wednesday.

Economists had expected retail sales to rise 3.5 percent from February last year.

On a month-on-month basis sales fell 0.2 percent, but were up 3.6 percent in the three months to February compared with the same period in 2013.

Reuters


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