Economic Indicators
South African retail sales fall 1.4% year on year in May
2023.07.19 08:11
© Reuters. FILE PHOTO: People shop clothes with a “Final clearance Sale” advertisement at a clothing store, at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe Sibeko/File Photo
JOHANNESBURG (Reuters) – South African retail sales fell 1.4% year on year in May after declining by a revised 1.8% in April, Statistics South Africa figures showed on Wednesday.
On a month-on-month basis, sales decreased 0.7%.
Sales in the three months to the end of May were down 1.5% compared with the same period last year, the statistics agency said.
