empty
 
 

2021.11.1710:36:00UTC+00South Africa Retail Sales Recover In September

South Africa's retail sales rose for the first time in three months in September driven by higher demand for clothing and footwear and pharmaceuticals and medical goods, Statistics South Africa reported Wednesday.

Retail sales grew unexpectedly by 2.1 percent on a yearly basis in September, after falling 1.5 percent in August and 1.2 percent in July. Sales were forecast to fall 0.2 percent.

Sales of pharmaceuticals and medical goods, cosmetics and toiletries surged 10.4 percent and that of textiles, clothing, footwear and leather goods gained 11.3 percent.

Month-on-month, retail sales growth improved to 5.1 percent in September from 4.9 percent in the previous month.

In the third quarter, retail trade decreased 5.4 percent compared with the second quarter.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback