November retail trade sales beat expectations

Retail trade sales measured in constant (2012) prices rose by a more than expected 4.2% year on year (y/y) in November from a revised 1.4% (1.3%) y/y increase in October‚ figures from Statistics South Africa showed on Wednesday.

Retail trade sales were expected to have increased by 1.0% y/y‚ according to a survey of leading economists by I-Net Bridge. Forecasts among the nine economists polled ranged from 0.3% to 2.1%.

Measured in real terms‚ seasonally adjusted retail trade sales rose 1.2% between November and October.

This followed month-on-month changes of -0.3% in October and -0.7% in September.

The main contributors to the 4.2% increase were general dealers with a 2.6 percentage points contribution and retailers in textiles‚ clothing‚ footwear and leather goods‚ which contributed 2.0 percentage points.


The highest annual growth rates were recorded for retailers in textiles‚ clothing‚ footwear and leather goods (9.0%); general dealers (7.1%); and retailers in hardware‚ paint and glass (5.6%).

Seasonally adjusted retail trade sales increased by 0.1% in the three months ended November 2013 compared with the previous three months.

Sales rose by 2.0% in the three months ended November 2013 compared with the three months ended November 2012‚ with the main contributor to this being retailers in textiles‚ clothing‚ footwear and leather goods (7.6% and contributing 1.6 percentage points). – I-Net Bridge

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

I Net Bridge
Guest Author

Related stories

Saving Edcon is about saving jobs, says CEO

But the retailer’s recapitalisation plan rests on securing a new investor, and its landlords and lenders being on board.

Skint citizens shun market darlings

Unemployment, state debt and public sector burden and structural rigidities will affect growth

October retail sales accelerate to 2.2%

The highest annual growth was recorded for retailers in household furniture, appliances and equipment, which was up 10.1%

Retail sales grow as household consumption recovers

Growth was seen across all retail categories with the largest seen in household furniture, appliances and equipment

Tough times drive Black Friday

Bricks-and-mortar and online retailers are sitting pretty, but did consumers really win?

Economic week ahead: SA shows rise in retail sales

South African retail figures show an increase, business optimism in the US may spike, and Europe's Sentix gauge could slip further this week.
Advertising

Subscribers only

Toxic power struggle hits public works

With infighting and allegations of corruption and poor planning, the department’s top management looks like a scene from ‘Survivor’

Free State branches gun for Ace

Parts of the provincial ANC will target their former premier, Magashule, and the Free State PEC in a rolling mass action campaign

More top stories

Why anti-corruption campaigns are bad for democracy

Such campaigns can draw attention to the widespread presence of the very behaviour they are trying to stamp out — and subconsciously encourage people to view it as appropriate

Tax, wage bill, debt, pandemic: Mboweni’s tightrope budget policy statement

The finance minister has to close the jaws of the hippo and he’s likely to do this by tightening the country’s belt, again.

SA justice delays extradition of paedophile to UK

Efforts to bring Lee Nigel Tucker to justice have spanned 16 years and his alleged victims have waited for 30 years

Former state security minister Bongo back in court

Bongo and his co-accused will appear in the Nelspruit magistrate’s court in Mpumalanga over charges of fraud, corruption and theft
Advertising

press releases

Loading latest Press Releases…

The best local and international journalism

handpicked and in your inbox every weekday