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Financial News: South Africa Wholesale Sales Fall For Second Month

South Africa Wholesale Sales Fall For Second Month

04/15/2021 - 06:54:00 (RTTNews)

(RTTNews) - South Africa's wholesale sales declined for the second straight month in February, data from Statistics South Africa showed on Thursday.

Wholesale sales decreased an unadjusted 3.9 percent year-on-year in February, following a 6.4 percent fall in January.

On a monthly basis, wholesale sales rose a seasonally adjusted 1.3 percent in February, after a 0.9 percent fall in the previous month.

For the three months ended in February, wholesale sales rose 0.5 percent, after a 0.6 percent decrease in the previous three months ended in January.

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