SA’s January retail sales up 6,4%

Growth in South Africa’s retail sales slowed to 6,4% year-on-year in January at constant prices, compared with an 8,3% increase in December, Statistics South Africa said on Wednesday.

Stats SA said retail sales grew by 7,7% in the three months to January, compared with the same period a year ago, also at constant prices.

A Reuters poll showed economists expected January retail sales to increase by 7,5% on the same period a year before. — Reuters

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