Browsing: South Africa’s Seasonally adjusted retail trade sales

  • According to figures released this Wednesday by Statistics South Africa, retail sales in the country fell 0.8 per cent year on year in January.
  • The data provides an insight into consumer demand in the country’s most industrialized economy.
  • Sales for the three months to the end of January were also down by 0.2 per cent compared to the same period last year.

Statistics South Africa has released figures showing that retail sales in the country declined by 0.8 per cent year on year in January, following a revised 0.5 per cent decline in December. On a month-on-month basis, sales rose by 1.5 per cent. These figures provide insights into consumer demand in Africa’s most industrialised economy. Retail trade sales decreased by 0.2 per cent in the three months to the end of January, compared with the same period last year, the statistics agency said.

The largest negative contributors to this …