This was lower than expected by most economists. On a month-to-month basis, seasonally adjusted retail trade sales contracted by 0,6%. Retailers in textiles, clothing, footwear and leather goods recorded growth of 5,2%. Retailers categorised as ‘other’ showed growth of 12,3%. April’s retail trade sales came to R53,08 billion rand, compared to the R54,6 billion rand in March.
Lower than expected retail trade sales
Retail trade sales, measured in real terms increased by 1,9% year-on-year in April, compared to the 2,7% growth in March and 3,9% in February, Statistics South Africa reported.
