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2017.08.1704:20:00UTC+00South Africa Wholesale Sales Fall For Third Month

South Africa's wholesale sales declined for the third consecutive month in June, Statistics South Africa said Thursday.

Wholesale sales fell 1.4 percent year-on-year in June. Although this was the third straight month of fall, the pace of decline slowed from -4 percent in May.

On a monthly basis, wholesale sales grew 1.6 percent, reversing a 3.4 percent drop in May.

In the second quarter, wholesale trade grew 1.1 percent from the previous quarter.

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