South African wholesale trade sales fell 3.0 percent in 2017 from the preceding year, a release from its statistics department revealed.
As far as the December month was concerned, South African wholesale trade sales dropped 5.3 percent from the previous year month.
On a month-on-month term, seasonally adjusted wholesale trade fell 1.1 percent in December from November. This came on the back of 1.2 percent increase in November and 5.3 percent in October.
For the fourth quarter, South African wholesale trade sales expanded 1.7 percent from the preceding quarter.
The release added, “Measured in nominal terms (current prices), wholesale trade sales increased by 1,0% in December 2017 compared with December 2016. The main contributor to this increase was dealers in food, beverages and tobacco (9,4% and contributing 1,9 percentage points).”