A shopper prepares to pay at an informal shop piloted by Pick n Pay in Soweto
JOHANNESBURG (Reuters) - South African retail sales rose by 5.3 percent year-on-year in December, after increasing by a revised 7.9 percent in November, data from the statistics office showed on Wednesday.
Analysts polled by Reuters had forecast a 4 percent year-on-year increase in retail sales in December.
On a month-on-month basis, sales were down 2.6 percent but rose 5.6 percent in the three months to December compared with the same period last year, Statistics South Africa said.
(Reporting by Mfuneko Toyana; Editing by James Macharia)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.