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Financial News: South Africa Wholesale Trade Rises In November

South Africa Wholesale Trade Rises In November

01/18/2018 - 05:06:00 (RTTNews)

(RTTNews) - South Africa's wholesale trade increased for the first time in eight months in November, preliminary figures from Statistics South Africa showed Thursday.

Wholesale sales climbed 1.2 percent year-over-year in November, reversing a 0.7 percent fall in October.

On a monthly basis, wholesale trade rose at a slower pace of 1.4 percent in November, following a 5.6 percent gain in the prior month.

At current prices, wholesale sales advanced 7.1 percent annually and by 2.9 percent monthly in November.

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