South Africa retail sales expanded on a monthly, as well as, yearly basis in November, a release from its Statistics Department showed.
South Africa retail sales expanded 4.0 percent in the month from the preceding month on a seasonally adjusted basis. Similarly, on a year-over-year basis, the retail sales growth was 8.2 percent in November.
The three-month change in respect of South Africa retail sales were a positive 2.4 percent in the same month.
The release added, “Seasonally adjusted retail trade sales increased by 4,0% month-on-month in November 2017.
This followed month-on-month changes of -0,1% in October 2017 and -0,4% in September 2017. In the three months ended November 2017, seasonally adjusted retail trade sales increased by 2,4% compared with the previous three months.”
The yearly increase was driven by general dealers that contributed 2.6 percentage points. Similarly, retailers in clothing, textiles, and footwear and leather goods contributed 2.3 percentage points.
All other retails have contributed 2.2 percentage points.