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Financial News: South Africa Retail Sales Drop In December

South Africa Retail Sales Drop In December

02/12/2020 - 06:41:00 (RTTNews)

(RTTNews) - South Africa's retail sales dropped in December, data from Statistics South Africa showed on Wednesday.

Retail sales fell 0.4 percent year-on-year in December, after a 2.6 percent increase in November.

The largest negative contribution came from general stores, retailers in hardware, paint and glass and all 'other' retailers.

On a month-on-month basis, retail sales decreased 3.1 percent in December, after a 2.0 percent rise in the previous month.

In the three months ended in December, retail sales increased 0.4 percent, following a 0.3 percent rise in the preceding three months.

In 2019, retail sales rose 1.2 percent from the last year.

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