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Financial News: South Africa Wholesale Sales Grow In December

South Africa Wholesale Sales Grow In December

02/13/2020 - 07:10:00 (RTTNews)

(RTTNews) - South Africa's wholesale sales rose for the first time in five months in December, data from Statistics South Africa showed on Thursday.

Wholesale sales increased 2.6 percent year-on-year in December, after a 5.1 percent fall in November.

On a monthly basis, wholesale sales fell 0.5 percent in November, following a 2.9 percent decline in the preceding month.

For the three months ended in December, wholesale sales fell 3.0 percent, following a 1.2 percent decrease in the previous three months ended in November.

In 2019, wholesale sales fell 1.3 percent from last year.

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