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Financial News: South Africa Wholesale Sales Fall For Second Month

South Africa Wholesale Sales Fall For Second Month

06/14/2018 - 06:17:00 (RTTNews)

(RTTNews) - South Africa's wholesale trade decreased for the second straight month in April, preliminary figures from Statistics South Africa showed Thursday.

Wholesale sales fell an unadjusted 2.6 percent year-over-year in April, much faster than the 0.3 percent drop in March.

On a monthly basis, wholesale sales declined a seasonally adjusted 3.2 percent from March, when it rose by 3.1 percent.

At current prices, wholesale sales climbed 2.1 percent annually in April, while it contracted 4.7 percent from the preceding month.

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