SA retail sales up 2.4 percent

File photo: Sam Hodgson.

File photo: Sam Hodgson.

Published Sep 17, 2014

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Johannesburg - South Africa's retail sales rose 2.4 percent year-on-year in July, above market expectations and compared with 0.9 percent contraction in June.

Economists polled by Reuters had forecast retail sales would increase by just 0.3 percent compared with the same month last year.

On a month-on-month basis, sales were up 1.2 percent, and rose 1.4 percent in the three months to July compared with the same period in 2013.

YEAR-ON-YEAR COMPARISON

Sector: July, June, May-July

General dealers: 2.3, -1.0, 1.5

Food, beverages, tobacco: -0.5, -3.7, -1.8

Pharmaceutical, medical goods: 0.9, 0.9, 1.2

Textiles, clothing & footwear: 4.4, -1.9, 2.2

Household furniture &appliances: -0.3, -6.6, -1.8

Hardware, paint & glass: 3.1, 5.3, 2.7

All other retailers: 3.9, 1.0, 3.4

Total: 2.4, -0.9, 1.4

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