Financial News: South Africa Retail Sales Growth Slows

South Africa Retail Sales Growth Slows

09/18/2024 - 08:25:00 (RTTNews)

(RTTNews) - South Africa's retail sales increased for the fifth straight month in July, though the pace of growth eased since June, data from Statistics South Africa showed on Wednesday.

On an unadjusted basis, retail sales rose 2.0 percent year-on-year in July, though slower than the 4.1 percent increase in the prior month.

Sales of pharmaceuticals and medical goods, cosmetics, and toiletries grew the most by 5.9 percent annually in July, followed by household furniture, appliances, and equipment by a 4.5 percent rise. Meanwhile, sales of hardware, paint, and glass were 6.3 percent lower.

On a monthly basis, retail sales dropped 0.2 percent in July versus a 1.6 percent increase in the prior month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Slump To Ten-Month Low In August (30 min(s), 40 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Thursday showing a sharp pul ...Full Story»

BoE Keeps Rate Steady, Maintains Pace Of Gilt Stock Reduction (50 min(s), 40 sec(s) ago)
(RTTNews) - The Bank of England decided on Thursday to maintain its benchmark rate and continue wi ...Full Story»

U.S. Leading Economic Index Dips Slightly Less Than Expected In August (53 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on leading U. ...Full Story»

Philly Fed Index Indicates Return To Growth In September (01 hr(s), 10 min(s), 40 sec(s) ago)
(RTTNews) - A reading on Philadelphia-area manufacturing activity returned to positive territory i ...Full Story»

U.S. Jobless Claims Unexpectedly Decrease To Nearly Four-Month Low (01 hr(s), 27 min(s), 40 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-mo ...Full Story»

Philly Fed Index Returns To Positive Territory In September (02 hr(s), 20 min(s), 40 sec(s) ago)
(RTTNews) - A reading on Philadelphia-area manufacturing activity returned to positive territory i ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Decrease To 219,000 (02 hr(s), 27 min(s), 40 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-mo ...Full Story»

BoE Holds Key Rate As Expected (03 hr(s), 23 min(s), 40 sec(s) ago)
(RTTNews) - The Bank of England decided to maintain its benchmark rate on Thursday after a quarter ...Full Story»