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South African Retail Sales Rise 5.4 Percent Year/Year In September

by PH November 16, 2017, 3:30 pm

Shoppers walk past an Edgars store at a shopping centre in Soweto, southwest of Johannesburg, January 30, 2015. REUTERS/Siphiwe Sibeko

South African retail sales rose by 5.4 percent year-on-year in September, after increasing by a revised 5.4 percent in August, data from the statistics office showed on Wednesday.

Analysts polled by Reuters had forecast a 4.5 percent year-on-year increase in retail sales in September.

On a month-on-month basis, sales were down 0.7 percent and expanded 4.1 percent in the three months to September compared with the same period last year, Statistics South Africa said.