South Africa's retail sales rise 5.3 percent y/y in December

South Africa's retail sales rise 5.3 percent y/y in December
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)

2018-02-14 13:16:33

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