Views Article – Sharenet Wealth

Africa, News

South Africa’s retail sales down 0.8% year/year in July

JOHANNESBURG, Sept 15 (Reuters) – South Africa’s retail sales fell 0.8% year on year in July after rising by 10.5% in June, Statistics South Africa said on Wednesday.

On a month-on-month basis, sales were down 11.2%. Sales rose 8.4% in the three months to the end of July compared with the same period last year, the statistics agency said.

(Reporting by Alexander Winning, writing by Olivia Kumwenda-Mtambo)

© 2019 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.